Mon11242014

News

LA council votes to delay community center update

LA council votes to delay community center update


Ellie Van Houtte/ Town Crier
The Los Altos City Council voted to delay adoption of a community center conceptual design plan last week. The plan includes elements from a design charette held earlier this fall, left.

The Los Altos City Council last...

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Schools

Scientists bring experiments into MV classrooms

Scientists bring experiments into MV classrooms


Ellie Van Houtte/Town Crier
During a Science is Learning geology lesson, Theuerkauf Elementary School students learn about igneous rocks by observing how sugar changes form when heated.

Hundreds of local elementary students perform experiments w...

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Community

Local actors star in PYT's 'Oklahoma!'

Local actors star in PYT's 'Oklahoma!'


Courtesy of Peninsula Youth Theatre
PYT’s “Oklahoma!” features, from left, David Peters of Mountain View, Jenna Levere of Los Altos and Kai Wessel of Mountain View.

Time is running out to catch Peninsula Youth Theatre’s production of “Oklahoma!”...

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Sports

Eagles advance

Eagles advance


Ellie Van Houtte/Town Crier
Los Altos High’s Carmen Annevelink, left, and Kristen Liu put up a block against Mountain View. Annevelink totaled 20 kills.

Mountain View High’s out-of-the-gate energy could last for only so long against rival and he...

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Comment

Coping with addictions: Haugh About That?

Preparing to deal with my lifelong addiction, I stood in front of the mirror ready to confess the shame I’d been hiding. The first step to healing, I reminded myself, is to admit something is wrong.

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Special Sections

NASA, Google agreement preserves Hangar One

NASA, Google agreement preserves Hangar One


Bruce Barton/Town Crier
Hangar One, pictured here last January, will be restored under an agreement between Google and NASA.

NASA and Google Inc. forged an agreement last week that allows Google to lease a portion of NASA’s historic Moffett Fede...

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Business

State Street science center closing Nov. 30

State Street science center closing Nov. 30


Ellie Van Houtte/
Helix at 316 State St. is closing after the completion of a one-year grant from Passerelle Investment Co. The science center became a popular destination because of its various exhibits. Town Crier

A popular downtown destination...

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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

JAMES WINDELL SMITH

JAMES WINDELL SMITH

January 11, 1939 – November 6, 2014
Resident of Mountain View

James Windell Smith, a 40 year resident of Los Altos, passed away from complications after a post-surgery stroke November 6th, 2014 in Los Gatos, California.

Born on January 11, 1939 on...

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Travel

Olive Sonoma: There's more to the quaint town than wine

Olive Sonoma: There's more to the quaint town than wine


Eren Göknar/ Special to the Town Crier
While many day-trippers may think that Sonoma is all about the grapes, the region boasts other delights. Try a biplane ride over the patchwork landscape.

Sonoma, a scenic two-hour drive from Los Altos, boa...

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Stepping Out

LA Stage Company opens 'Fairway'

The Los Altos Stage Company production of Ken Ludwig’s new comedy “The Fox on the Fairway” is slated to run Thursday through Dec. 14 at Bus Barn Theater, 97 Hillview Ave.

A tribute to the English farces of the 1930s and 1940s, “Fox” is a romp that p...

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Spiritual Life

Author of Jewish historical novel slated at Congregation Beth Am

Author of Jewish historical novel slated at Congregation Beth Am


The Beth Am Women have scheduled “A Conversation with Author Maggie Anton” 7:30 p.m. Nov. 20 at Congregation Beth Am, 26790 Arastradero Road, Los Altos Hills.

Anton, winner of the 2012 National Jewish Book Award for Fiction, will discu...

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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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