Tue07282015

News

Cal Water issues Boil Water Advisory for parts of Los Altos

Cal Water issued a Boil Water Advisory to customers in the Los Altos area Sunday (July 26). The drinking water alert warned customers that E. coli and total coliform were found in the local water supply. These bacteria can make a person sick and are ...

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Schools

Foothill STEM camps offer resources for low-income students

Foothill STEM camps offer resources for low-income students


Sana Khader/Town Crier
Students use software connected to a 3D printer, left, to create a miniature San Francisco, including the Ferry Building, below, at Foothill’s STEM Summer Camps.

Expanding efforts to spark and inspire students’ int...

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Community

Local resident cooks her way from cheerleader to Food Fighters

Local resident cooks her way from cheerleader to Food Fighters


Courtesy of the MacDonald family
Amber MacDonald competes on an episode of “Food Fighters,” scheduled to air 8 p.m. Thursday on NBC.

A newly arrived Los Altos family has an unusually public get-to-know-you moment this week – Amber MacDonald and ...

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Comment

Letters to the Editor

Ad-plane flyover marred festival

I hope that other residents who share my concern that the Geico plane flying low over the Los Altos Arts & Wine Festival and our homes for hours on end marred the “fun for everyone” that the Town Crie...

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Special Sections

Heart attack survivor cherishes life after near-death experience

Heart attack survivor cherishes life after near-death experience


Photos Courtesy of Tim Pierce
Los Altos Hills resident Tim Pierce, right with emergency medical responder Steve Crowley, suffered a heart attack in May.

After what Tim Pierce went through recently, no wonder he tries to cherish every moment as if he...

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Business

PAMF debuts cosmetic surgery center

PAMF debuts cosmetic surgery center


John Ho/Special to the Town Crier
The Palo Alto Medical Foundation Center for Cosmetic Surgery at 715 Altos Oaks Drive is the organization’s first center focused solely on cosmetic procedures.

Los Altos’ newest medical office – the...

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Books

Book Signings

• Fritz and Nomi Trapnell have scheduled a book-signing party 4-6 p.m. Aug. 1 at their home, 648 University Ave., Los Altos.

Fritz and his daughter, Dana Tibbitts, co-authored “Harnessing the Sky: Frederick ‘Trap’ Trapnell, ...

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People

CHARLOTTE BARBARA WINGUTH

CHARLOTTE BARBARA WINGUTH

Charlotte Barbara Winguth died July 9 at the young age of 89. She is survived by her 3 daughters Sandy, Karen & Wendi, 5 grandchildren and 2 great grandchildren. She came to Los Altos CA with her husband Ed and 3 children 53 years ago from New ...

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Travel

Gearing up: Make travel more civilized with accessories

Gearing up: Make travel more civilized with accessories


Eren Göknar/Special to the Town Crier
San Francisco-based humangear Inc. sells totes, tubes and tubs for traveling.

In travel, as in romance, it’s the little things that count.

Beyond the glossy brochures lie the travel discomforts too mun...

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Stepping Out

Engineer builds second career as actor

Engineer builds second career as actor


David Allen/Special to the Town Crier
Actors rehearse for Foothill Music Theatre’s “A Funny Thing Happened on the Way to the Forum.” The cast includes, from left, Tomas Theriot, Todd Wright, Mike Meadors and Ray D’Ambrosio. ...

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Spiritual Life

Christ Episcopal pastor departs Los Altos for new post in SF

Christ Episcopal pastor departs Los Altos for new post in SF


Courtesy of Sara BoaDwee
Christ Episcopal Church celebrated the ministry of the Rev. Dr. Malcolm Young and his wife, Heidi, at a farewell luau June 28.

Members and friends of Christ Episcopal Church bid farewell June 28 to the Rev. Dr. Malcolm C. Yo...

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Magazine

Inside Mountain View

Residents gather at NASA Ames for Pluto Flyby event

Residents gather at NASA Ames for Pluto Flyby event


Megan V. Winslow/Town Crier
NASA Ames’ Pluto Flyover event kindles the imaginations of young attendees.

Sue Moore watched the July 20, 1969, moon landing beside patients and staff members of the San Francisco hospital where she worked as a nurse...

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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.

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