Wed08202014

News

Burglary bump in LAH alarms residents and Sheriff's Office

Los Altos Hills has recorded fewer burglaries than the national and state averages over the past decade, but this year the number of breaking-and-entering crimes has spiked.

Since July 1, the Santa Clara County Sheriff’s Office has recorded 14 resid...

Read more:

Loading...

Schools

Community support pays dividends

Community support pays dividends


As a recent cover story in The New York Times Magazine revealed, getting low-income students into college is not enough to close the achievement/income gap. The percentage of low-income students entering college who actually earn a degree lags far ...

Read more:

Loading...

Community

War veteran to visit D.C. memorial on Honor Flight

War veteran to visit D.C. memorial on Honor Flight


Ellie Van Houtte/Town Crier
Los Altos resident and World War II vet Earl Pampeyan is preparing for an Honor Flight trip to Washington, D.C., next month.

Los Altos resident Earl Pampeyan is scheduled to fly to Washington, D.C., next month to vis...

Read more:

Loading...

Sports

Making a splash

Making a splash


Courtesy of Clarke Weatherspoon
Stanford Water Polo Club’s under-14 boys team earned the bronze medal at the Junior Olympics. Front row, from left: Corey Tanis, Larsen Weigle, Nathan Puentes, Walker Seymour, Alan Viollier and Jayden Kunwar. B...

Read more:

Loading...

Comment

Whom can you trust?: Haugh About That?

Waving my pink poodle skirt with all the fervor of a matador preparing to tease a raging bull, I blinked my 20-year-old eyes and gave a come-hither look to indicate, “I’m ready!” Little did I know that the blind trust I had in this ...

Read more:

Loading...

Special Sections

Getting right by eating right: PAMF doctor's book addresses South Asian health risks

Getting right by eating right: PAMF doctor's book addresses South Asian health risks


Ellie Van Houtte/Town Crier
Dr. Ronesh Sinha, a physician at Palo Alto Medical Foundation, promotes healthful living among the South Asian population. His new book, “The South Asian Health Solution,” includes nutritious recipes.

When you think o...

Read more:

Loading...

Business

From Google to First Street: Massage therapist sets up studio in downtown Los Altos

From Google to First Street: Massage therapist sets up studio in downtown Los Altos


Ellie Van Houtte/Town Crier
Upuia Ahkiong is slated to open Kua Body Studios next month at 106 First St. Ahkiong is sharing space with Evolve Classical Pilates.

A massage therapist with ties to Google Inc. is slated to open a new – and shared...

Read more:

Loading...

Books

"Jack London" chronicles author's adventurous life


Much has been written about American author Jack London, primarily known for his early-20th-century Western adventure novels, including the classics “White Fang” and “The Call of the Wild.”

In Earle Labor’s biography of the literary icon, “Jac...

Read more:

Loading...

People

TIMOTHY WARREN WATSON (TIM)

TIMOTHY WARREN WATSON (TIM)

Born June 2, 1935, died peacefully on August 11, at home in Mountain View, surrounded by his family. He died of complications of Parkinson’s Disease after a courageous 15-year battle.

Tim was the beloved husband of 55 years to his college sweethea...

Read more:

Loading...

Travel

Bergama bound: A visit to newest World Heritage site

Bergama bound: A visit to newest World Heritage site


Photo Eren GÖknar/ Special to the Town Crier
The amphitheater in Turkey’s ancient city of Pergamon, now known as Bergama, overlooks the Bakirçay River valley, left. The city’s ruins also include the Temple of Trajan.

It was 90 F during t...

Read more:

Loading...

Stepping Out

TheatreWorks offers 'Spoonful' of drama beginning this week

TheatreWorks offers 'Spoonful' of drama beginning this week


Kevin Berne/Special to the Town Crier
Three strangers – “Chutes & Ladders” (Anthony J. Haney, left), Odessa (Zilah Mendoza, center) and “Orangutan” (Anna Ishida, right) – come together in an online support group in TheatreWorks’ regional premie...

Read more:

Loading...

Spiritual Life

Spiritual Briefs

Meditation group meets at Foothills Congregational

A Weekly Meditation Practice group meets 7-8:15 a.m. Tuesdays at Foothills Congregational Church, 461 Orange Ave., Los Altos.

Read more:

Loading...

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...

Read more:

Loading...

The market trend is still bullish

Looking at your increased portfolio, the present trend is still in the bullish camp. Investors anticipate a jolly good time in December.

With another month to go in 2013, you hear many conflicting opinions on the prospects for 2014. Knowing what to believe can be difficult, but if November was an omen for next year, we should all feel happy. November was a great month for stocks. The Dow is above 16,000, the S&P 500 is trading above 1,800 and last week the Nasdaq closed above 4,000 for the first time in 13 years.

Year-to-date the indexes have increased between 20 and 35 percent for a record-breaking year, thanks to the Federal Reserve’s bond purchases, a recovering economy and solid corporate earnings.

Stocks are not in a bubble position. At less than 19 times current-year earnings, the median S&P 500 stock trades at a 13 percent premium to 10-year norms. Valuations have reached much higher levels at previous market peaks.

Also, the stock market has not run out of potential catalysts. Bears argue that the good news has already played out because of the proposed Federal Reserve cutback, but takeover activity has yet to heat up given cheap financing and strong corporate balance sheets. A surge in takeovers would not be surprising, so look for more companies to increase their dividends and buy back their shares in 2014.

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

• Intel Corp. (INTC; $23.74) last week reported that the company would begin to concentrate on chips for smartphones and tablets immediately, as consumers are using fewer personal computers.

Investors are befuddled by Intel’s guidance for the next year, when revenue will be down in the mid-single digits, at an estimated 1.4 percent in 2014.

According to new CEO Brian Krzanich, computing in the next few years will focus more on items for eyes and ears, as well as wristbands and watches. The company will pursue two important strategic shifts: expand its foundry business to a much broader range of customers and aggressively target tablets, where the unit volume is expected to quadruple in 2014.

Intel should not be viewed as a safe or undervalued tech play, but Krzanich said that under his leadership, Intel would give priority to its Atom microprocessor. Intel does not wish to fall behind in future technology trends that include wearable computing devices.

Analysts do not cite Intel as an investment for the average investor as long as the PC market continues to decrease. Most analysts recently have upgraded the stock to a neutral or buy, with a median target price of $24 and a high of $32. Intel’s dividend yields 3.8 percent.

• Microsoft Corp. (MSFT; $38.47) launched Xbox One last week to record sales of more than a million in the first 24 hours. It was the most successful premiere in Xbox history.

Microsoft plans to reach beyond the gamers with this console, as it intends to deliver innovative entertainment experiences by bringing movies, music, sports and live TV together in one box.

In another direction, Nokia shareholders approved a $7.2 billion deal to allow Microsoft to buy its ailing cellphone and services division plus the portfolio patents obtained by the Finnish tech giant.

Much has been made of outgoing CEO Steve Ballmer’s tenure with Microsoft, during which the share price fell from the high 50s in January 2000 to the 30s, where it remained stagnant. The stock recently started to rise again following the announcement of Ballmer’s departure.

The failure of Microsoft to grasp opportunities in big-growth areas led to the static share price. However, Microsoft remains highly profitable and last month beat Wall Street’s quarterly profit and revenue forecasts.

Analysts’ recent upgrade and downgrade history has downgraded Microsoft stock from a buy to a hold. The median target price is $36, with a high of $45. The dividend yield for Microsoft is 3 percent.

Clyde Noel is a Los Altos Hills resident and investor in stocks. He is a longtime holder of Intel and Microsoft stocks and intends to make no move at this time.

Schools »

Schools
Read More

Sports »

sports
Read More

People »

people
Read More

Special Sections »

Special Sections
Read More

Photos of Los Altos

photoshelter
Browse and buy photos