Tue06302015

News

LAH council approves  Page Mill Road expansion

LAH council approves Page Mill Road expansion


Megan V. Winslow/Town Crier
The Los Altos Hills City Council endorsed a plan to widen the congested Page Mill Road to six lanes between the Interstate 280 interchange and Foothill Expressway.

Infamously congested Page Mill Road should be widened to ...

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Schools

Local muralist tells a story of young Los Altos at two schools

Local muralist tells a story of young Los Altos at two schools


Eliza Ridgeway/Town Crier
Los Altos muralist Morgan Bricca, above, created a work at Covington School commissioned by the Class of 2015.

Just as school ended this year, new color bloomed on two Los Altos campuses – public art projects commissi...

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Community

Los Altos girl out to 'squash' inequality: 10-year-old raises funds for female players with motto Equal pay for play

Los Altos girl out to 'squash' inequality: 10-year-old raises funds for female players with motto Equal pay for play


Courtesy of Lisa Bardin
Mika Bardin displays a certificate of participation she received at the 2015 U.S. Junior Squash Championships. Although Mika is not competing in the upcoming NetSuite Open Squash Championships, she is helping other female pl...

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Sports

Hurdling adversity

Hurdling adversity


courtesy of Nicole Goodwin
Ella Goodwin, hurdling, above, has come a long way since her early-childhood battle with leukemia.

While Nicole Goodwin is proud of daughter Ella’s athletic achievements, it’s not her skills on the soccer field...

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Comment

No confidence in civic center proposals: Editorial

Few Los Altos issues have become more convoluted than the development of the 18-acre Hillview civic center property. Most agree that the area, as currently configured, needs improvement. But nothing has happened in the nearly 10 years since serious d...

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Special Sections

Star-spangled manor: Orange Avenue home boasts Americana theme

Star-spangled manor: Orange Avenue home boasts Americana theme


Megan V. WInslow/Town Crier
Los Altos resident Pinky Whelan’s Orange Avenue home features a patriotic theme, evident in her living room decor, her historical collections and displays and her welcoming entrance.

Let’s hear it for the red...

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Business

Thai Silks shutters Los Altos store this month

Thai Silks shutters Los Altos store this month


Megan V. Winslow/Town Crier
After more than 50 years in business in downtown Los Altos, Thai Silks is closing up shop at 252 State St. by the end of the month. The store will continue to offer its inventory online and via phone.

A longtime downtown ...

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Books

People

ALAN FRAZIER KREMEN, MD, PHD

ALAN FRAZIER KREMEN, MD, PHD

Alan Frazier Kremen, MD, PhD, aged 68, loving father & surgeon, of Stockton peacefully passed away on June 13th, 2015.

Born in Minneapolis on December 17, 1946, he received a BA from Stanford University, 1968, a PhD in Philosophy from the Univ...

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Travel

Venetian spa offers ways to de-stress

Venetian spa offers ways to de-stress


Courtesy of The VEnetian
The HydroSpa in the Canyon Ranch SpaClub at The Venetian in Las Vegas offers a muscle-relaxing bath and radiant lounge chairs.

Vegas cab drivers usually ask if you won or lost as soon as you get in their vehicles. They assum...

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Stepping Out

'Town' closes down

'Town' closes down


Chris Peoples/Special to the Town Crier
Hope Cladwell (played by Krista Joy Serpa) and Bobby Strong (Lewis Rawlinson) get romantic during their duet in “Urinetown: The Musical.”

The Los Altos Stage Company production of “Urinetown: The Musical” ...

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Spiritual Life

Magazine

Living it up Older adults aim to age in place

Living it up Older adults aim to age in place


Megan V. Winslow/Town Crier
Local enthusiasts flock to the Los Altos Senior Center to play bocce ball. The center hosts informal games four days a week and occasional tournaments.

As baby boomers in Los Altos, Los Altos Hills and Mountain View nose...

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Inside Mountain View

Carrying the torch

Carrying the torch


Members of the Mountain View Police Department carry the Special Olympics torch as they run along El Camino Real between Sunnyvale and Palo Alto June 18. Members of the department participate in the relay annually to show their support for Spec...

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A good time for a market review

With less than two weeks left in the current year, you are likely to hear many conflicting opinions for stock market prospects in 2014.

The old adage “buy low and sell high” doesn’t mean to invest in poorly performing shares because they are low and should increase in 2014. Forecasting is futile.

At current levels, stocks are not in bubble territory, but keep an eye on the averages, as they often signal that a change is in the works.

Bears feel that the Federal Reserve’s stimulus policy will come to a slow halt and put pressure on stocks. Other investors believe that scenario played itself out when the Dow Jones industrial average dropped 129.60 points Dec. 11 and opened down Thursday.

The bulls are not leaving us, and we are keeping our portfolio 95 percent intact. On the other hand, numerous investors are selling their stocks and taking profits, hoping to buy them back at a lower price.

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

• Rambus Inc. (RMBS; $9.54) shares climbed sharply last week after settling a patent dispute with Micron Technology, which will pay Rambus as much as $280 million over seven years to license Rambus patents. Formerly based in Los Altos but now located in Sunnyvale, Rambus will receive quarterly payments as high as $10 million for the life of the agreement.

Rambus stock is now up 77 percent for the year.

In June, Rambus settled a suit with SK Hynix for $240 million and signed a lease agreement with STMicroelectronics to close out a lengthy court battle.

The company has had legal problems for years over patent licensing, and the subsequent court battles drove investors away from the stock.

Most analysts deem the stock a hold, even after the strength of the settlements. The last time analysts issued the stock an upgrade to buy was in 2006.

Analysts’ median and high target price for Rambus stock is $13, with a low of $6.50. There is no dividend for stockholders.

• Apple Inc. (AAPL; $554.68) is scrambling to halt the market-share erosion of its tablet, which dropped from 40 percent to 30 percent sold in the previous year. Smartphones dropped from 14 percent to 13 percent.

Against that backdrop, Apple has quietly begun selling its iPad with retina display at its retail stores. The gradual rollout could be due to supply constraints, and analysts expect the device to become widely available during the holiday season.

In other news, the Cupertino-based firm agreed to pay $350 million for PrimeSense Ltd., an Israeli company that made gesture-recognition technology for Microsoft.

A U.S. jury awarded Apple $290 million in the retrial of a patent lawsuit against Samsung. Apple asked for $380 million.

Numerous analysts call Apple stock a strong buy in both the short and long term, with several analysts indicating an outperform position. The high target price for Apple stock is $777, with a median of $600. The yield on Apple stock is 2.30 percent.

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