Wed04162014

News

Late postal hours help last-minute filers

Late postal hours help last-minute filers

The crowd at Los Altos' post office wasn't epic when we checked today – but come tax day tomorrow (April 15) many locals may be lining up to file at the last minute.

Post offices in Los Altos and Mountain View stop collecting mail at 5 p.m. tomorr...

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Schools

Loyola School hosts STEM Expo

Loyola School hosts STEM Expo


Ellie Van Houtte/Town Crier
Ari Garabedia, above right, demonstrates his team’s project for curious classmates at Loyola School’s STEM Expo.

Some local schools are taking a different twist on the traditional science fair this year.

As a pilot p...

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Community

Chef Pépin to sign books in Los Altos

Chef Pépin to sign books in Los Altos

Master chef, author and educator Jacques Pépin is scheduled to make a personal appearance in Los Altos April 24. The “original Iron Chef” will be signing copies of his most recent books 3-5 p.m. at Main Street Café and Books, 134 Main St. The interna...

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Sports

Fruitful day on the Farm

Fruitful day on the Farm


Ellie Van Houtte/Town Crier
Los Altos High’s Brian Yeager soars in the triple jump at the Stanford Invitational Saturday.

Last weekend’s Stanford Invitational attracted the best high school track and field athletes in the region, including sever...

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Comment

The mysterious force in Los Altos: The Rockey Road

Shh ... it’s a secret. No it isn’t! I recently read a story in another paper asking if Google cash were behind the Los Altos downtown makeover and why. My first thought was, “Who cares?” We are an intelligent group in a small town where it is very di...

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Special Sections

Jewish food festival reaches beyond bagels

Who knew you could get a decent knish in Silicon Valley?

For at least one day, local foodies are gathering 10 a.m. to 5 p.m. April 27 at the Hazon Jewish Food Festival at the Oshman Family Jewish Community Center in Palo Alto to eat their way throug...

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Business

For the skin they're in : Shared interest in organic skin care leads duo to form company

For the skin they're in : Shared interest in organic skin care leads duo to form company


Ellie Van Houtte/town Crier
Nancy Newsom, left, and Kit Gordon started Botanic Organic in 2011 after they discovered a shared passion for creating organic, handmade skin-care products. The company now offers more than 15 products for adults and infa...

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Books

Local Author Spotlight

In an effort to support authors from Los Altos, Los Altos Hills and Mountain View, many self-published, Book Buzz periodically spotlights their books and offers information on where to purchase them. Local authors are encouraged to submit brief summa...

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People

MARGARET C. SNEAD

MARGARET C. SNEAD

In Cupertino, April 5, 2014

Age 95, preceded in death by her parents, John and Isabelle Coullie, her husband, Dr. Claude Rabert Snead, and her sister Maisie Bicking.

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Travel

Sausalito: Explore the historical city with world-class views

Sausalito: Explore the historical city with world-class views


Eren Göknar/ Special to the Town Crier
Sausalito offers panoramic views of the San Francisco Bay. A number of companies schedule boat tours that sail past Angel Island and Alcatraz.

On a clear day, Sausalito offers spectacular views of the San Franc...

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Stepping Out

LA Stage Company's 'Harold and Maude' opens this weekend at Bus Barn Theater

LA Stage Company's 'Harold and Maude' opens this weekend at Bus Barn Theater


courtesy of Los Altos Stage Company
Warren Wernick and Lillian Bogovich play the title characters in the Los Altos Stage Company production of “Harold and Maude.” The play runs through May 4.

The Los Altos Stage Company’s production of “Harold a...

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Spiritual Life

Silicon Valley Prayer Breakfast highlights matters of faith

Pat Gelsinger and Reggie Littlejohn come from different backgrounds and occupations, but both, guided by their Christian faith, have become leaders committed to helping others. The two shared their experiences at the 20th annual Silicon Valley Prayer...

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Magazine

A yoga class a day keeps the stress away

A yoga class a day keeps the stress away


Van Houtte/Town Crier Yoga of Los Altos hosts a variety of classes, including Strong Flow Vinyasa, above, taught by Doron Hanoch. Yin Yoga instructor Janya Wongsopa guides a student in the practice, below.

It’s nearly 9 a.m. on a Monday mornin...

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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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