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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Friday climb just fine for consumers

After a week of down days, the market climbed back Friday on the news of an upbeat November jobs report and a five-month rise in consumer confidence.

The Dow Jones industrial average reached an all-time high Nov. 27, and the primary trend has been bullish. Very few losers could be found on the Dow Friday at noon, with few components not in the shiny-green territory. The Dow hit a recent high of 16,174.50.

It appears that the market is becoming comfortable with the Federal Reserve’s decision to taper its bond-buying, a scenario that parallels a stronger economy. The 203,000 increase in payroll employment means a better economy, and that could bring on the taper sooner when the Federal Reserve meets later this month.

Many investors are still comfortable maintaining 95-99 percent of their equity holdings in stocks because there are still attractive stocks available. When that is no longer true and investors can’t find stocks to diversify, then it is time to reduce the stock exposure and sell some of the recent winners.

Two Town Crier “50” stocks issued quarterly reports recently.

• Hewlett-Packard Co. (HPQ; $27.30) reported fourth-quarter earnings last week that topped expectations. Sales declined in five of its business units, but the stock rose 8 percent after the report. This is good news for a turnaround company in a tough environment.

HP retook the No. 1 position in the worldwide server market with revenue of $3.4 billion and a 27.6 percent market share, but IBM should regain the honor when December results roll in.

Under CEO Meg Whitman, HP is attempting to shift into cloud computing, kiosk printing and tablet computers instead of other ventures that include computers and printers.

HP’s turnaround is more of a reinvention than a continuous efficiency drive. Whitman’s goal was to cut as many as 34,000 employees, and to date she has laid off 24,000, resulting in $9 billion in free cash flow.

Analysts consider HP stock a neutral, with some believing that the company is underperforming. The median price target is $28, with a high target of $32. HP stock goes for seven times earnings and yields a 2.1 percent dividend.

• Applied Materials Inc. (AMAT; $16.90) posted impressive fourth-quarter earnings at 19 cents, beating numerous analysts’ estimates by a penny, or 5.6 percent. Revenues were also strong, topping forecasts by 16.2 percent. The company reported revenue of $1.99 billion, up 20.8 percent year over year. The gross margin totaled 40 percent.

Applied Materials reports its revenue by segments, with the Silicon Systems Group (SSG), Display, Applied General Services (AGS) and Energy and Environmental Solutions (EES) segments. The largest segment was SSG with 63 percent of revenue, which was down 2.3 percent. AGS was up 8.2 percent with a 27 percent revenue share, and the Display segment rose 1.2 percent with a 75.3 percent year-over-year increase in revenue. The EES segment accounted for 2 percent of total revenue but fell 2.2 percent.

Approximately 70 percent of Applied Materials’ quarterly revenue comes from the Asia/Pacific region.

The PC market remains the problem, and Applied Materials is not the only company affected – Intel Corp. and Microsoft Corp. have experienced segment decreases because of the decline of the desk computer.

Analysts recently upgraded Applied Materials stock to a buy or an outperform. The median target price is $20, with a high of $23. The dividend yield is 2.30 percent.

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

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