Mon07282014

News

Downtown green park pops up again in August

Downtown green park pops up again in August


Ellie Van Houtte/Town Crier
The Third Street Green debuts Aug. 3 on the 300 block of State Street in downtown Los Altos.

Another temporary park is poised to pop up in downtown Los Altos this summer.

According to Brooke Ray Smith, community devel...

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Schools

MVLA rolls out laptop integration this fall

MVLA rolls out laptop integration this fall


Town Crier File Photo
Starting in the fall, daily use of laptops in the classroom will be standard operating procedure for students at Los Altos and Mountain View high schools as the Mountain View Los Altos Union High School District launches a pil...

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Community

Generations blend behind the scenes at 'Wizard of Oz'

Generations blend behind the scenes at 'Wizard of Oz'


Altos Youth Theatre and Los Altos Stage Company rehearse a scene from “The Wizard of Oz.” ELIZA RIDGEWAY/ TOWN CRIER

A massive troupe of young people and grownups gathered in Los Altos this summer to stage the latest iteration of a childhood sta...

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Sports

Football in July

Football in July


Town Crier file photo
Mountain View High’s Anthony Avery is among the nine local players slated to play in tonight’s Silicon Valley Youth Classic.

Tonight’s 40th annual Silicon Valley Youth Classic – also known as the Charlie...

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Comment

Pools should be included: Editorial

Los Altos residents should be receiving calls this week from city representatives conducting a survey to determine priorities for a revamped Hillview Community Center.

Notice that we did not say “civic center” – chastened by a lack of public support...

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Special Sections

Looking for life without lows, local diabetic tests artificial pancreas

Looking for life without lows, local diabetic tests artificial pancreas


Photo by Ellie Van Houtte/Town Crier
Dr. Trang Ly, left, reviews blood sugar readings on a smartphone with Los Altos resident Tia Geri, right, and fellow participant Noa Simon during a closed-loop artificial pancreas study for Type 1 diabetics.
...

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Business

Palo Alto law firm coming to 400 Main

Palo Alto law firm coming to 400 Main


Ellie Van Houtte/ Town Crier
Longtime Palo Alto law firm Thoits, Love, Hershberger & McClean plans to open an office at 400 Main St. in Los Altos after construction is complete in November.

A longtime Palo Alto law firm plans to expand int...

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Books

"Frozen in Time" chronicles harrowing WWII rescue attempts


Many readers can’t resist a true-life adventure story, especially those that shine a spotlight on people who exhibit supreme courage in the face of adversity and end up surviving – or not – against the odds.

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People

RICHARD PATRICK BRENNAN

RICHARD PATRICK BRENNAN

Resident of Palo Alto

Richard Patrick Brennan, journalist, editor, author, adventurer, died at his Palo Alto home on July 4, 2014 at age 92. He led a full life, professionally and personally. He was born and raised in San Francisco, joined the Arm...

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Travel

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway


Courtesy of Ritz-Carlton
The Ritz-Carlton in Lake Tahoe offers fall getaway packages that include spa treatments and yoga classes.

Fall in North Lake Tahoe boasts crisp mornings and opportunities to spend quality time in the mountains. Specially ...

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Stepping Out

PYT stages 'Shrek'

PYT stages 'Shrek'


Lyn Healy/Spotlight Moments Photography
Dana Cullinane plays Fiona in Peninsula Youth Theatre’s “Shrek The Musical.”

Peninsula Youth Theatre presents “Shrek The Musical” Saturday through Aug. 3 at the Mountain View Center for the Performing Arts...

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Spiritual Life

Foothills Congregational: 100 years and counting

Foothills Congregational: 100 years and counting


Courtesy of Carolyn Barnes
The newly built Los Altos church in 1914 featured a bell tower and an arched front window. Both continue as elements of the building as it stands today.

Foothills Congregational Church – the oldest church building in L...

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Magazine

Festival features fun for everyone

Festival features fun for everyone


TOWN CRIER FILE PHOTO
The Los Altos Arts & Wine Festival boasts more than 375 craft and arts booths.

This weekend’s 35th annual Los Altos Arts & Wine Festival promises to be jam-packed with fun activities for just about everyone. The eve...

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Dow drops HP, Alcoa and BofA

After the stock market closes Friday, the Dow Jones industrial average index of 30 stocks will drop Hewlett-Packard Co. and two other financial mainstays – Alcoa Inc. and Bank of America Corp.

News of the change raises questions among the followers of the Dow and McGraw Hill Financial, which controls the average. McGraw Hill representatives claim that they want to diversify the sectors in the index. The three replacement stocks are Goldman Sachs Group Inc., Visa Inc. and Nike Inc.

The reason is more likely that the stock prices of HP, Alcoa and Bank of America remain low, and the Dow would rather comprise higher-priced winners.

The average divisor will be adjusted before the market opens Monday, so the changes won’t impact the level of the Dow the same as when a stock splits or a spin-off occurs.

Two Town Crier “50” companies made headlines last week.

• Apple Inc. (AAPL; $450.36) unveiled its high-end iPhone 5s and the cheaper, more colorful iPhone 5c, putting an end to the secrecy. Company representatives said the iPhone 5s is twice as fast as the iPhone 5, with an improved camera, a new microchip and a finger sensor.

Apple’s stock plunged during the company’s rollout last week. Analysts suggested that consumers expected more, including stepped-up features not found in other phones.

Analysts are not impressed with Apple’s new iPhone lineup. One analyst cut the stock’s target price to $425 and trimmed the 2014 earnings estimate to $37.95 per share, down from $38.78.

A recent CNET poll revealed that 54 percent of respondents consider Apple a leading innovator, while 46 percent see it falling behind.

The lack of a deal to sell iPhones through China Mobile to more than 700 million subscribers also weighed on Apple shares. If Apple seals a deal with China Mobile, investors and analysts will likely push the stock again.

Apple’s stock is down 14 percent year-to-date and 31 percent over the past 12 months.

The median target price for Apple stock is $540, with a high of $825 – a large disparity. The upgrade and downgrade history is mixed, with most analysts favoring a hold or a neutral position.

• Facebook Inc. (FB; $43.32) stock is now more than $45 per share, marking its all-time high and up 17 percent since its initial public offering at $38 in July 2012.

Investors believe that the social-networking service will benefit from the growing demand for advertising on smartphones and tablets. With more than 1 billion members, Facebook has worked to simplify the ad-buying process for marketers.

Mobile ads totaled 41 percent of advertising revenue in the second quarter, up from 30 percent in the first quarter. While there is a growing acceptance that Facebook is not a fad, the company must continue to drive business from desktop ads to smartphones and tablets.

Second-quarter sales rose 53 percent to $1.81 billion, topping analysts’ prediction of $1.62 billion.

Whereas most analysts previously suggested a downgrade for Facebook stock, they have changed their tune in the past three months, upgrading it to a buy or neutral. The mean target price is $42, with a high of $60.

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