Wed11262014

News

VTA plans for  El Camino Real prompt skepticism

VTA plans for El Camino Real prompt skepticism


Ellie Van Houtte/Town Crier
A Valley Transit Authority proposal to convert general-use right lanes on El Camino Real to bus-only use received a chilly reception last week.

A Valley Transit Authority proposal that prioritizes public transit alo...

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Schools

MVHS students attempt Guinness World Record

MVHS students attempt Guinness World Record


Barry Tonge/Special to the Town Crier
Local residents participate in an attempt to break the Guinness World Record for making the most friendship braceletsNov. 9 at Mountain View High.

More than 300 Mountain View High School students gathered around...

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Community

Bigger, better days ahead for Foothill Veterans Resource Center

Bigger, better days ahead for Foothill Veterans Resource Center


Student veterans at Foothill College can seek support, access resources and socialize at the Veterans Resource Center.
Ellie Van Houtte/Town Crier

Carmela Xuereb sees bigger things in store for the Foothill College Veterans Resource Center. One...

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Comment

Serving those who served us: Editorial

“Thank you for your service” often comes across as lip service to our veterans. As always, actions speak louder than words.

The Rotary Club of Los Altos has taken plenty of action, contributing time and money to improve opportunities for veterans th...

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Business

Report: Los Altos homes priciest in U.S.

Report: Los Altos homes priciest in U.S.


ToWn Crier File Photo
The average cost of a four-bedroom, two-bathroom home in Los Altos is 30 times more than the price of a similar home in Cleveland, according to a Coldwell Banker report.

The average cost of one Silicon Valley home can purchase ...

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Books

Children's author signs books at Linden Tree

Children's author signs books at Linden Tree


Author Tiffany Papageorge is scheduled to sign copies of new her book 11 a.m. Dec. 6 at Linden Tree Books, 265 State St., Los Altos.

Papageorge’s “My Yellow Balloon” (Minoan Moon, 2014) is a Mom’s Choice “Gold” winner. In the book, the Los Gat...

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People

RICHARD CAMPBELL WAUGH

RICHARD CAMPBELL WAUGH

Richard Campbell Waugh of Los Altos Hills, Ca. died at home October 31, 2014 surrounded by his family and caregivers.

Dick was born 1917, in Fayetteville, Arkansas. He earned a BS in chemistry from University of Arkansas and a PhD in organic chemi...

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Travel

Weekday Wanderlust highlights the joys of armchair travel

Weekday Wanderlust highlights the joys of armchair travel


Dan Prothero/Special to the Town Crier
Travel writers at the October gathering of the Weekday Wanderlust group include, from left, James Nestor, Kimberley Lovato, Paul Rauber, Marcia DeSanctis and Lavinia Spalding.

Travel writing should either ̶...

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Stepping Out

Pacific Ballet's 'Nutcracker' opens Friday in downtown Mtn. View

The Pacific Ballet Academy is back with its 24th annual production of “The Nutcracker,” scheduled this weekend in downtown Mountain View.

The story follows young Clara as she falls into a dream where her beloved nutcracker becomes the daring prince ...

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Magazine

Christmas At Our House home tour celebrates 26 years

Christmas At Our House home tour celebrates 26 years


Courtesy of Christopher Stark
Homes on the St. Francis High School Women’s Club’s Christmas at Our House Holiday Home Tour showcase a variety of architectural styles.

The days grow short on sunshine but long on nostalgia as the holidays approach...

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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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