Wed11262014

News

VTA plans for  El Camino Real prompt skepticism

VTA plans for El Camino Real prompt skepticism


Ellie Van Houtte/Town Crier
A Valley Transit Authority proposal to convert general-use right lanes on El Camino Real to bus-only use received a chilly reception last week.

A Valley Transit Authority proposal that prioritizes public transit alo...

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Schools

MVHS students attempt Guinness World Record

MVHS students attempt Guinness World Record


Barry Tonge/Special to the Town Crier
Local residents participate in an attempt to break the Guinness World Record for making the most friendship braceletsNov. 9 at Mountain View High.

More than 300 Mountain View High School students gathered around...

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Community

Bigger, better days ahead for Foothill Veterans Resource Center

Bigger, better days ahead for Foothill Veterans Resource Center


Student veterans at Foothill College can seek support, access resources and socialize at the Veterans Resource Center.
Ellie Van Houtte/Town Crier

Carmela Xuereb sees bigger things in store for the Foothill College Veterans Resource Center. One...

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Comment

Serving those who served us: Editorial

“Thank you for your service” often comes across as lip service to our veterans. As always, actions speak louder than words.

The Rotary Club of Los Altos has taken plenty of action, contributing time and money to improve opportunities for veterans th...

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Special Sections

NASA, Google agreement preserves Hangar One

NASA, Google agreement preserves Hangar One


Bruce Barton/Town Crier
Hangar One, pictured here last January, will be restored under an agreement between Google and NASA.

NASA and Google Inc. forged an agreement last week that allows Google to lease a portion of NASA’s historic Moffett Fede...

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Business

Report: Los Altos homes priciest in U.S.

Report: Los Altos homes priciest in U.S.


ToWn Crier File Photo
The average cost of a four-bedroom, two-bathroom home in Los Altos is 30 times more than the price of a similar home in Cleveland, according to a Coldwell Banker report.

The average cost of one Silicon Valley home can purchase ...

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Books

Children's author signs books at Linden Tree

Children's author signs books at Linden Tree


Author Tiffany Papageorge is scheduled to sign copies of new her book 11 a.m. Dec. 6 at Linden Tree Books, 265 State St., Los Altos.

Papageorge’s “My Yellow Balloon” (Minoan Moon, 2014) is a Mom’s Choice “Gold” winner. In the book, the Los Gat...

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People

RICHARD CAMPBELL WAUGH

RICHARD CAMPBELL WAUGH

Richard Campbell Waugh of Los Altos Hills, Ca. died at home October 31, 2014 surrounded by his family and caregivers.

Dick was born 1917, in Fayetteville, Arkansas. He earned a BS in chemistry from University of Arkansas and a PhD in organic chemi...

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Travel

Weekday Wanderlust highlights the joys of armchair travel

Weekday Wanderlust highlights the joys of armchair travel


Dan Prothero/Special to the Town Crier
Travel writers at the October gathering of the Weekday Wanderlust group include, from left, James Nestor, Kimberley Lovato, Paul Rauber, Marcia DeSanctis and Lavinia Spalding.

Travel writing should either ̶...

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Stepping Out

Pacific Ballet's 'Nutcracker' opens Friday in downtown Mtn. View

The Pacific Ballet Academy is back with its 24th annual production of “The Nutcracker,” scheduled this weekend in downtown Mountain View.

The story follows young Clara as she falls into a dream where her beloved nutcracker becomes the daring prince ...

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Magazine

Christmas At Our House home tour celebrates 26 years

Christmas At Our House home tour celebrates 26 years


Courtesy of Christopher Stark
Homes on the St. Francis High School Women’s Club’s Christmas at Our House Holiday Home Tour showcase a variety of architectural styles.

The days grow short on sunshine but long on nostalgia as the holidays approach...

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Stocks fall on politicians’ whims

Stocks continue to fall as investors focus on the risk that the U.S. government won’t be able to pay its bills after hitting its borrowing limit this week.

Stocks surged to an all-time high Sept. 18, after the Federal Reserve unexpectedly kept its bond-buying program intact, but the market stalled last week amid fears of the looming budget and debt-ceiling crises.

Bond yields have dropped sharply since the Fed’s decision to maintain its $85-billion-per-month monetary stimulus. Rate-sensitive utility stocks have performed nicely since the decision, while financials and cyclical stocks have underperformed.

Stocks are no longer cheap. Improved earnings growth is essential to fuel any meaningful gains, and investors must regain confidence in the government.

Two Town Crier “50” stocks scored headlines last week.

• Applied Materials Inc. (AMAT; $17.63) reported Sept. 24 that it plans to purchase rival Tokyo Electron Ltd. in an all-stock transaction valued at $9 billion.

The merger will produce a combined capitalization of approximately $29 billion. The move is intended to accelerate the development of equipment for production of semiconductors, solar panels and flat-panel display technology.

“We are creating a global innovator in precision materials engineering and patterning that provides our new company with significant opportunities to solve our customers’ problems better, faster and at a lower cost,” said Gary Dickerson, CEO of Applied Materials, the largest manufacturer of chip-making equipment.

As the shift from personal computers to mobile devices like smartphones and tablets continues, the parts that hardware developers need are changing. Analysts believe that the merger will give both companies access to markets and research not previously available.

The Santa Clara-based Applied Materials acquired telecommunications equipment maker Varian Semiconductor Equipment Associates Inc. in 2011. With the latest acquisition, both Applied Materials and Tokyo Electron look to expand their global market share.

The merging of the two companies aims to create “a global innovator” in semiconductor and display manufacturing technology, according to an Applied Materials press release.

“This combination ... brings together complementary leading technologies and products to create an expanded set of capabilities in precision materials engineering and patterning that are strategically important for customers,” the release stated.

• Agilent Technologies Inc. (A; $51.28), maker of scientific-testing equipment, has long straddled the divide between health care and technology. The Santa Clara-based company last week announced plans to split into two publicly traded companies. While it may be nearly a year before the split takes effect, investors cheered the news.

One company – devoted to life sciences, diagnostics and applied markets – will retain the Agilent name, and the other yet-to-be-named enterprise will comprise Agilent’s portfolio of electronic-measurement products.

“Agilent has evolved into two distinct investment and business opportunities, and we are creating two separate and strategically focused enterprises to allow each to maximize its growth and success,” said Bill Sullivan, Agilent president and CEO.

After the announcement, Agilent stock rose 6 percent, and ISI Group issued an upgrade from buy to strong buy.

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