Fri02122016

News

SPLAT targets data, outreach as airplane noise continues

SPLAT targets data, outreach as airplane noise continues


Graphic courtesy of Don Gardner
Activists claim that a new SFO flight path leaves a “sound shadow” that impacts Los Altos and Los Altos Hills.

Sky Posse Los Altos Team – more simply known as SPLAT – seeks to squelch the noise...

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Schools

Los Altos High student-run charity plans '5 Gallon Gala'

Los Altos High student-run charity plans '5 Gallon Gala'


Courtesy of Lia Evard
Water by Youth members gave Egan students a chance to carry a 40-pound Jerry can, to see how difficult it is to obtain water in developing nations.

Water by Youth, a club at Los Altos High School, is making a splash by pla...

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Community

What would you do with a box of cookies? Local Girls Scouts help Tanzanian orphanage

What would you do with a box of cookies? Local Girls Scouts help Tanzanian orphanage


Courtesy of Alicia Madden
Sales of local Girl Scout cookies support service projects, such as funding an orphanage in the village of Mto wa Mbu in Tanzania.

Girl Scout cookies – whether you think of them as a treat, a tradition or a diet comp...

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Sports

Scoreless spells sink LA boys

Scoreless spells sink LA boys


Megan V. Winslow/Town Crier
Los Altos High point guard Nolan Brennan attempts a shot in Friday’s game versus Palo Alto. He scored eight points in the loss.

There have been several games this season in which the Los Altos High boys basketball t...

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Comment

New 'York' values

New 'York' values


Hughes

 

As we have witnessed California suffer through one of its worst droughts in history over the past few years, all of us, I’m sure, have been keenly aware of our surroundings and have done a small part in trying to conserve wa...

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Special Sections

Getting a charge  out of the Volt

Getting a charge out of the Volt


Courtesy of Chevrolet
The 2016 Chevrolet Volt can be driven up to 50 miles on the power stored in its batteries.

Just five years ago, we wondered in this column what the power supply would be for the car of the future. Gasoline, diesel, electric ba...

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Business

Nearing V-Day: Shops stock sweets, treats

Nearing V-Day: Shops stock sweets, treats


Megan V. Winslow/Town Crier
Los Altos resident Ella Roosakos, 11, with her mother, Gail, puzzles over which Gourmet Works sweets to buy as a valentine for Ella’s friend.

The gift-buying rush isn’t exclusive to Christmas. It may jump over...

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People

ALAN RODNEY MILLS

ALAN RODNEY MILLS

Alan Rodney Mills, PhD, 83, of Los Altos passed away peacefully on Saturday, January 30th, 2016. He was born in Rochdale, England in 1933 and came to California in 1962. He was a proud alumni of Manchester Grammar in England, University of Liverpoo...

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Stepping Out

PYT 'Gets Famous'

PYT 'Gets Famous'


Lyn Flaim Healy/Spotlight Moments Photography
Renee Vetter of Palo Alto, left, and Megan Foreman of Los Altos star in Peninsula Youth Theatre’s “Judy Moody Gets Famous.” Performances are scheduled Friday and Saturday.

Peninsula...

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Spiritual Life

A time to prepare: Fasting for Lent isn't limited to food

 

Today is Ash Wednesday, which in the Christian calendar marks the beginning of Lent – the 40 days of preparation for Resurrection Sunday, otherwise known as Easter.

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Inside Mountain View

New right-to-lease ordinance promises relief for renters

New right-to-lease ordinance promises relief for renters


Mountain View Tenants Coalition/Facebook
Residents gather in the fall to protest Mountain View’s rising rents. Rent relief is on the way in the form of a new ordinance.

A controversial Mountain View law requiring landlords to provide lease opt...

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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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