Wed05062015

News

Suspected Los Altos ID thief served arrest warrant

Evelyn Hernandez

A San Jose woman suspected of stealing the identity of a Los Altos resident was found already behind bars, according to Los Altos Police Sgt. Mark Bautista.

Bautista reported May 6 that Evelyn Hernandez, 44, was recently served...

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Schools

Mental health expert dispels myths

Mental health expert dispels myths


Megan V. Winslow/Town Crier
Palo Alto University Professor Paul Marcille addresses a crowd of psychology students and mental health activists last week about myths surrounding mental illness and violence.

In the wake of the 2011 Sandy Hook Elementa...

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Community

Q&A: Meet the city's new public works and administrative services directors

The city of Los Altos has hired three new department directors in the past ten months. The Town Crier recently profiled new Recreation Director Manny Hernandez. This week, the Town Crier profiles Susana Chan, new public works director, and Kim Juran-...

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Comment

Familiar icon pops up in Los Altos: A Piece of My Mind

I was walking to my car parked on State Street when my eye fell on an old familiar acquaintance from my early childhood, totally unexpected to meet in Los Altos. It was the “Steinway” logo over the door of the new Steinway Piano Gallery,...

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Special Sections

New Los Altos shop brews milk tea for gourmands

New Los Altos shop brews milk tea for gourmands


Eliza Ridgeway/Town Crier
Teaspoon, the milk tea shop at Village Court in Los Altos, above, serves a range of bubble teas and snow ice drinks, right.

Los Altos made it onto the milk tea map this spring with the opening of Teaspoon, a new bubble tea ...

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Business

Ed center scores spot in Foothills Crossing

Ed center scores spot in Foothills Crossing


Alicia Castro/ Town Crier
C2 Los Altos tutor Max Shih, left, instructs Homestead High School student Rajesh Suresh.

Los Altos families have a new resource for helping their children ace the test.

C2 Los Altos – a recently opened education cente...

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Books

People

DOROTHY RUTH MATHIS PUDER

DOROTHY RUTH MATHIS PUDER

9/17/1918-4/15/2015

Dorothy Puder died on April 15th in Sunnyvale, California. She will be remembered for her gentle, loving, positive and caring ways and will be greatly missed by family and friends.

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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

 PYT's comedic musical opens this weekend in Mtn. View

PYT's comedic musical opens this weekend in Mtn. View


Lyn Flaim/Spotlight Moments Photography
The cast of Peninsula Youth Theatre’s “Once Upon a Mattress” includes, from left, Sophia Graziani (of Los Altos) as Winnifred, Chris Gough (Sunnyvale) as the Prince and Reilly Arena (Palo Alto) as the Queen. ...

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Spiritual Life

Mercifully in His grip: Exploring our true position in Christ

I recently read a wonderful analogy about our true position in Christ. It was shockingly contrary to the messages impressed upon me in church, but deeply rooted in the Bible. The analogy is that of child and a parent. If you have ever taken a small ...

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Magazine

Practice prudent pruning: Maintaining manzanita, ceanothus and toyon

Practice prudent pruning: Maintaining manzanita, ceanothus and toyon


tanya kucak/Special to the Town Crier
Shrub manzanitas are known for their sinuous mahogany trunks and branches. If the foliage hides the bark, prune selectively to open the center so that the bark is visible year-round. This Montara manzanita is ...

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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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Stock market still volatile, bullish

Welcome to volatility in the stock market, finally over the 16,000 hurdle. Up one day, down the next, investors are not looking forward to the broad market declining in earnest. Until that bubble, the market’s reluctance to experience anything more than a fairly modest correction is pleasing news to many investors.

The news from Washington often distracts investors more than it informs them of anything meaningful, but following the headlines can be helpful. Stocks fell Nov. 20 after the Federal Reserve indicated that it might begin tapering its bond-buying program in the near future.

After the slump, stocks jumped in Thursday morning trading as larger-than-expected jobless claims dropped, suggesting an improving market.

At her U.S. Senate confirmation hearing for Fed chair, Janet Yellen said a strong recovery would ultimately enable the Fed to reduce its bond-buying program and rely on policies such as asset purchases.

As an investor, I find that monetary policy is most effective when the public understands what the Federal Reserve is trying to do and knows how to plan based on its decisions. Minutes from the Fed’s October meeting indicate that the central bank will begin tapering its bond buying in December, and Treasury bonds jumped to a two-month high near 2.8 percent, putting pressure on utilities and telecom stocks.

In day-to-day movement, the market is still bullish, and a pullback could be looked at as a correction within a bull market – and that could lead to a new buying opportunity.

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

• Heritage Commerce Corp. (HTBK; $7.98) released its third-quarter results two weeks ago, reporting that earnings increased 29 percent to $3.2 million from the same quarter a year ago, or 10 cents per average diluted common share. For the nine months ended Sept. 30, net income available to common shareholders increased 36 percent to $8.2 million.

“As a result of our solid performance, we are delighted to announce the payment of a quarterly cash dividend of $0.03 per share in the fourth quarter of 2013 to our shareholders,” said Walter Kaczmarek, president and chief executive officer.

Heritage Commerce Corp. operates as a bank holding company for Heritage Bank of Commerce, providing commercial and full personal banking services to residents in local communities, including Los Altos, and nine other full-service branch offices in the counties of Santa Clara, Alameda and Contra Costa.

Deposits totaled $1.20 billion at the end of September, compared with $1.14 billion in September 2012. The company’s earnings consensus has moved higher over the past two months, suggesting that more trading could be on the horizon for Heritage Commerce Corp. stock.

Upgrade and downgrade recommendations from most analyst firms have suggested a hold for the stock. The mean target price is $8.50, with a high of $9.

• NVIDIA Corp. (NVDA; $15.52) is known for creating the graphics chips used in PCs to bring video games to life. With the invention of the graphics processing unit, NVIDIA introduced to the world the power of programmable shading, which defines modern computer graphics.

In fiscal year 2014, NVIDIA plans to return in excess of $1 billion to shareholders, in the form of share repurchases and quarterly dividend payments. During the first nine months of 2013, the company returned $983 million to shareholders, including $850 million in share repurchases and $133 in dividend payments.

Revenues came in at $1.05 billion, up 7.9 percent from the previous quarter but down 12.5 percent from the year before. Earnings totaled $118.7 million, up 23.1 percent on a sequential basis but down 43.2 percent compared with the previous year.

NVIDIA ended its third quarter with $3.03 billion in cash, equivalents and marketable securities. The Santa Clara-based firm holds no debt.

NVIDIA is currently running into headwinds and aims to reduce the dependence on PCs and focus on gaming devices and servers.

Shares of NVIDIA declined over the past week after Morgan Stanley issued a downgrade after the stock rose more than 40 percent in the past year and the operating performance deteriorated. Morgan Stanley analysts lowered their target from “equal weight” to “underweight” and placed a price target of $13 per share.

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

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