Sat04252015

News

LAH resident killed in cycling accident

LAH resident killed in cycling accident

A longtime Los Altos Hills resident and philanthropist struck by a bicyclist Monday (April 20) while walking along Page Mill Road has died from the injuries she sustained.

Kathryn Green, 61, died a day after the accident, according to the Santa Clar...

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Schools

LASD Junior Olympics scheduled Saturday

LASD Junior Olympics scheduled Saturday


Town Crier File Photo
The Los Altos School District Junior Olympics are slated Saturday at Mountain View High School. District officials say the opening ceremonies, above, are always memorable.

Los Altos School District fourth- through sixth-grader...

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Community

Altruism, adventure in Africa: Los Altos couple relates experiences in new book

Altruism, adventure in Africa: Los Altos couple relates experiences in new book


Courtesy of Wendy Walleigh
Rick and Wendy Walleigh spent a year and a half in Swaziland and Kenya.

Los Altos residents Rick and Wendy Walleigh experienced long, successful high-tech careers. But retirement? No, it was time for an encore.

Leavin...

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Sports

Workout warriors

Workout warriors


Megan V. Winslow/Town Crier
Los Altos High gymnast Jessica Nelson soars by coach Youlee Lee during practice last week. Lee is a 2005 Los Altos High grad.

Some coaches would like to see their athletes work harder. Youlee Lee has the opposite problem ...

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Comment

Ending the debate: No Shoes, Please

In a general sense, everything is up for debate with me: What do I cook for dinner? Did I do the right thing? What color paint for the bedroom? Do I really want to go? Has the team improved? What difference does it make? Should I give him a call? Is...

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Special Sections

Fitness focus: No holds barred for Los Altos sisters

Fitness focus: No holds barred for Los Altos sisters


Photos Courtesy of Barre 3
Gillian Brotherson, kneeling at left, guides studio instructors through a workout at barre3 Los Altos.

Health is all about balance. That’s what two Los Altos natives learned as they navigated work, motherhood and welln...

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Business

Physical therapist brings business background to new Los Altos clinic

Physical therapist brings business background to new Los Altos clinic

Courtesy of Eliza Snow
Strive owner Robert Abrams, kneeling, runs a balance test.

With more than a dozen physical therapy clinics in Los Altos, one new business owner streamlined his approach in an effort to set his practice apart.

“I always wan...

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Books

People

CAPTAIN: CHARLES THOMAS MINOR

CAPTAIN: CHARLES THOMAS MINOR

Age 96

December 7, 1918  - March 28, 2015 

Chuck passed away peacefully in the home he built in Los Altos surrounded by his beautiful wife of 69 years, Bonnie, his two sons and their spouses, David Minor & Caryn Joe Pulliam; Steve &...

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Travel

Cuba libre: Local residents join mad rush of travelers

Cuba libre: Local residents join mad rush of travelers


Natalie Elefant/Special to the Town Crier
Los Altos resident Natalie Elefant noted the vibrant street performances as a traveler in Cuba.

The U.S. restored diplomatic relations with Cuba late last year, enabling Americans to import $100 worth of cig...

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Stepping Out

Stage fright

Stage fright


Joyce Goldschmid/Special to the Town Crier
“The Addams Family” stars, from left, Betsy Kruse Craig (as Morticia), Joey McDaniel (Uncle Fester) and Doug Santana (Gomez).

The Palo Alto Players production of “The Addams Family”...

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Spiritual Life

Magazine

Food for thought: Hidden Villa programs offer teens training in sustainability on the farm

Food for thought: Hidden Villa programs offer teens training in sustainability on the farm


/Town Crier It’s not all cute and cuddly for teens participating in the eight-week Animal Husbandry Apprenticeship program at Hidden Villa in Los Altos Hills. Mia Mosing of Palo Alto, left, and Sophia Jackson of Los Altos clean the pigpens – one of...

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Inside Mountain View

Up to the challenge: Local leaders unite to help at-risk youth

Up to the challenge: Local leaders unite to help at-risk youth


Courtesy of Challenge Team
Jeanette Freiberg, bottom of pile, has fun with family members. The Challenge Team named Freiberg, a student at Mountain View High School, its 2015 Youth Champion.

There’s an ongoing joke among members of the Challenge...

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Market keeps springing back

Federal Reserve chair nominee Janet Yellen indicated in a U.S. Senate hearing Thursday that she would continue to support the economy through stimulus measures. The Fed’s bond-buying program has helped spur the stock market by pumping it with extra cash. By Friday, the market was moving toward 16,000.

The stock market continues to defy gravity as the Dow Jones industrial average and the S&P 500 hit record-setting new highs. With corporate earnings season soon coming to a close, investors’ attention will turn to other issues.

Those issues continue to be the renewed budget and debt-ceiling battles in Washington. Given that stocks have not experienced anything larger than a 6 percent correction this year, the possibility of a more protracted decline exists. With the S&P 500 index up 23 percent this year, there has been concern that valuations are getting stretched.

The fact remains that expectations for a significant correction are widespread, but the trend is still bullish, even though many astute investors are neither buying nor selling.

Two Town Crier “50” stocks made news last week.

• Cisco Systems Inc. (CSCO; $21.50) tumbled early Thursday after analysts and investors reviewed Cisco’s earnings report, which missed Wall Street estimates. The company reported that it earned 37 cents per share on sales of $12.1 billion for the fiscal quarter that ended Oct. 26. Analysts had expected 41 cents per share on $12.36 billion.

Management blamed a number of factors, including the government shutdown and expenses associated with recent layoffs, while CEO John Chambers said in a conference call with analysts that the company received $600 million to $700 million fewer orders than anticipated. The impact on the federal business was approximately $50 million.

In other news, Cisco agreed to pay up to $863 million for the remaining stake of Insieme Networks, which makes data-center technology. Management also increased its share-repurchase program by $15 billion, which equates to roughly 12 percent of the outstanding stock.

The San Jose-based firm is the worldwide leader in networking that transforms how people connect, communicate and collaborate.

“While our revenue growth was below our expectation, we remain confident in our long-term goal to be the No. 1 IT company in the world,” Chambers said.

Numerous analysts are dropping Cisco from their buy lists. While the downgrade is disappointing, Cisco’s valuation and yield keep it on the long-term buy list of some analysts. Deutsche Bank has downgraded Cisco from a buy to a hold.

Thirty-four brokers have projected a high target price of $32, with a low price of $16.

• Intel Corp (INTC; $24.66) last week acquired Kno Inc., an education software company that offers e-textbooks for interactive devices like computers and tablets. The move represents Intel’s expansion into mobile devices and provides good publicity.

Intel will introduce its pop-up stores, with the first launching in New York this week. The stores will remain open through the shopping season and close in late January.

Based in Santa Clara, Intel designs, manufacturers and sells integrated digital technology platforms worldwide. It offers microprocessors that process system data and control other devices in the system.

Intel’s latest report revealed revenue of $52.35 billion, with a gross profit of $33.15 billion, total cash of $19.22 billion and book value per share at $11.15.

Intel provides a 3.7 percent yield for share dividends. While there is concern that Intel’s growth is slowing along with PC sales, analysts expect profits to rise 12 percent annually over the next five years because the mobile market relies on its servers and chips. Nov. 4 was the ex-date for a dividend payment of $0.225.

The mean target price for Intel stock is $23.73, with a high of $30.

Clyde Noel is a Los Altos Hills resident and longtime investor in stocks.

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