Fri02272015

News

One downtown pharmacy closes, another arrives soon

One downtown pharmacy closes, another arrives soon


Ellie Van Houtte/Town Crier
Los Altos Pharmacy closed its doors at the end of 2014 after more than 80 years in business. Staff moved compounding operations to San Jose.

The final chapter for Los Altos Pharmacy on Second Street ended this winter when...

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Schools

Former NFL player huddles with Blach students about life choices

Former NFL player huddles with Blach students about life choices


Ellie Van HOutte/Town Crier
Former NFL tight end Eason Ramson visited with Blach Intermediate School students, Feb. 13 to share the perils of drug use. Now a motivational speaker, Ramson works with at-risk teens in San Francisco.

Although former ...

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Community

Chi Am Circle, Chef Chu's prove 'golden': Club sets fundraising goal of $200K for March fashion show

Chi Am Circle, Chef Chu's prove 'golden': Club sets fundraising goal of $200K for March fashion show


Courtesy of Bev Harada
Chi Am Circle members, from left, Gerrye Wong, Sylvia Eng, Pearl Lee and Muriel Kao flank Larry Chu Sr. at the Jan. 31 event honoring the club’s 50th and Chef Chu’s 45th anniversaries.

Chef Chu’s restaurant in Los Altos ho...

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Comment

Freedom's just another word: No Shoes, Please

It used to be that the word “freedom” held exclusively positive connotations for me, but now it’s really become a mixed bag. It all started in 2001 when President George W. Bush asked the question he felt was on the minds of most Americans regarding ...

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Special Sections

Filoli in bloom: Historic estate hosts  classes, events and tours

Filoli in bloom: Historic estate hosts classes, events and tours


Ellie Van Houtte/Town Crier
Scenes from Filoli: The historic estate in Woodside is a welcoming sanctuary for visitors. The grounds offer a rotating display of seasonal flowers, a tranquil reflecting pool and paths that wend through the 16-acre Engl...

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Business

Stock volatility still confusing

The market opened down more than 100 points Friday but by noon rose more than 130, the form of volatility that quickly draws investors’ attention. By week’s end, the Standard & Poor’s 500 index and the Dow Jones industrial aver...

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Books

French novel

French novel "Hunting and Gathering" offers character-driven suspense


Anna Gavalda is a well-known author in her native France, where she has published six books, most of which have met with considerable praise and commercial success. Her fourth novel, “Hunting and Gathering” (Riverhead Books, 2007), is filled ...

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People

CHRIS A. KENISON

CHRIS A. KENISON

Feb 13, 1945-Feb 6, 2015

Resident of Los Altos

Chris was born in Georgia and moved to Oklahoma as a young child. He grew up there and moved to California in 1965. He developed a strong work ethic from his grandparents and parents. He attended the...

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Travel

Seoul of the city: Korean capital offers mix of old and new

Seoul of the city: Korean capital offers mix of old and new


Ramya Krishna/Special to the Town Crier
Seoul’s Cheonggyecheon public recreation space, above, features an elevated pedestrian bridge.

Seoul, South Korea, is a study in contrasts. Having grown quickly, the city is a mix of old and new.

Using...

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Stepping Out

'Park' in the hills

'Park' in the hills


courtesy of Foothill Music Theatre
Dot (Katie Nix) imagines her dream job as a follies dancer in the Foothill Music Theatre production of “Sunday in the Park with George.” The play runs through March 8.

Foothill Music Theatre’s production of “Su...

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Spiritual Life

Is your thought life sabotaging your spiritual journey?

My computer started having problems – there seemed to be some sort of malware running in the background. At first it was just annoying, then it began to slow down my computer, interfering with its basic operations. What is it doing? Why can...

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Magazine

Local events serve up family fun

Local events serve up family fun


Courtesy of Peninsula Youth Theatre
Peninsula Youth Theatre’s production of “Pecos Bill: A Tall Tale” is slated to open March 20 in Mountain View.

For families seeking a break from the daily routine, events abound this month and next in Los Alto...

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A new year means new ups and downs

Despite the one-day sell-off experienced on the first day of 2014 trading, the outlook appears to be relatively positive. The market trend is bullish, and investors can still find reasonably valued stocks to assemble a diversified portfolio.

Change is the one constant in the stock market, and investors should be watching how public sentiment looks for a correction. Preparing for a coming storm is difficult and unpredictable and tells investors that sell-offs are typically triggered by underappreciated or unexpected events.

Interest rates will rise after the Federal Reserve signaled that it plans to cut back on its bond-buying program. This will become a worry, as the impact on bond yields will affect utility and telecom stocks. Inflation is widely expected to remain tame, but it could also become troubling.

Given the market’s strong performance in recent months, a correction could occur at any time – and every correction has the potential to turn into a bear market.

While I anticipate a few ups and downs, I predict that by the end of 2014, the Dow Jones industrial average will be up slightly from today’s valuation.

Two Town Crier “50” companies recently made headlines.

• Cisco Systems Inc. (CSCO; $22.10) provides a complete line of routers and switching products that correct and manage communications among local and wide area computer networks employing a variety of protocols.

Those credentials still carry weight, but in the wake of Cisco’s disappointing target of an 8-10 percent decline in revenue for the January quarter, the network giant’s stock could stagnate in the near term.

Cisco blamed its gloomy outlook on weakness in emerging markets and a cautious spending forecast by corporate executives. The company’s plans to introduce complex new switching and routing platforms and invest in service and software businesses should help boost sales.

Cisco stock yields a 3.3 percent dividend, roughly four times the industry average. TheStreet Ratings team has issued a buy rating for Cisco, making the stock price’s recent decline an opportunity.

• Google Inc. (GOOG; $1,118.07) shares gained 51 percent in 2013, easily outpacing the 33 percent average return for the S&P 1500 technology stock groupings and leaving investors to wonder whether there is much more room to increase.

Within the industry, 39 brokers and analysts have provided a buy rating for Google stock, with only one a hold in the upgrade and downgrade history. The reason: Google holds a commanding 67 percent share of the U.S. search market. Microsoft stands in a distant second place with an 18 percent slice.

The upcoming Winter Olympics and World Cup Soccer tournaments should accelerate advertising growth.

The stock’s valuation is reasonable considering its projected growth. Google is expected to earn $49.64 per share in the 12 months ending September 2014, a growth of 17 percent.

Google is one of two companies on the S&P 500 index to increase annual cash from operations by double digits in each of the past 10 years, and Google should extend the streak in 2014. The company pays no dividends.

Google is embracing a moon-shot mentality for its next venture. In December, Google acquired Boston Dynamics, a company that builds robots, and in the past six months eight other robot companies.

Clyde Noel is a Los Altos Hills resident and longtime investor in stocks.

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