Fri07252014

News

Downtown green park pops up again in August

Downtown green park pops up again in August


Ellie Van Houtte/Town Crier
The Third Street Green debuts Aug. 3 on the 300 block of State Street in downtown Los Altos.

Another temporary park is poised to pop up in downtown Los Altos this summer.

According to Brooke Ray Smith, community devel...

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Schools

MVLA rolls out laptop integration this fall

MVLA rolls out laptop integration this fall


Town Crier File Photo
Starting in the fall, daily use of laptops in the classroom will be standard operating procedure for students at Los Altos and Mountain View high schools as the Mountain View Los Altos Union High School District launches a pil...

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Community

Generations blend behind the scenes at 'Wizard of Oz'

Generations blend behind the scenes at 'Wizard of Oz'


Altos Youth Theatre and Los Altos Stage Company rehearse a scene from “The Wizard of Oz.” ELIZA RIDGEWAY/ TOWN CRIER

A massive troupe of young people and grownups gathered in Los Altos this summer to stage the latest iteration of a childhood sta...

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Sports

Football in July

Football in July


Town Crier file photo
Mountain View High’s Anthony Avery is among the nine local players slated to play in tonight’s Silicon Valley Youth Classic.

Tonight’s 40th annual Silicon Valley Youth Classic – also known as the Charlie...

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Comment

Pools should be included: Editorial

Los Altos residents should be receiving calls this week from city representatives conducting a survey to determine priorities for a revamped Hillview Community Center.

Notice that we did not say “civic center” – chastened by a lack of public support...

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Special Sections

Looking for life without lows, local diabetic tests artificial pancreas

Looking for life without lows, local diabetic tests artificial pancreas


Photo by Ellie Van Houtte/Town Crier
Dr. Trang Ly, left, reviews blood sugar readings on a smartphone with Los Altos resident Tia Geri, right, and fellow participant Noa Simon during a closed-loop artificial pancreas study for Type 1 diabetics.
...

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Business

Palo Alto law firm coming to 400 Main

Palo Alto law firm coming to 400 Main


Ellie Van Houtte/ Town Crier
Longtime Palo Alto law firm Thoits, Love, Hershberger & McClean plans to open an office at 400 Main St. in Los Altos after construction is complete in November.

A longtime Palo Alto law firm plans to expand int...

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Books

"Frozen in Time" chronicles harrowing WWII rescue attempts


Many readers can’t resist a true-life adventure story, especially those that shine a spotlight on people who exhibit supreme courage in the face of adversity and end up surviving – or not – against the odds.

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People

RICHARD PATRICK BRENNAN

RICHARD PATRICK BRENNAN

Resident of Palo Alto

Richard Patrick Brennan, journalist, editor, author, adventurer, died at his Palo Alto home on July 4, 2014 at age 92. He led a full life, professionally and personally. He was born and raised in San Francisco, joined the Arm...

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Travel

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway

Travel Tidbit: Ritz-Carlton, Lake Tahoe offers spa getaway


Courtesy of Ritz-Carlton
The Ritz-Carlton in Lake Tahoe offers fall getaway packages that include spa treatments and yoga classes.

Fall in North Lake Tahoe boasts crisp mornings and opportunities to spend quality time in the mountains. Specially ...

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Stepping Out

PYT stages 'Shrek'

PYT stages 'Shrek'


Lyn Healy/Spotlight Moments Photography
Dana Cullinane plays Fiona in Peninsula Youth Theatre’s “Shrek The Musical.”

Peninsula Youth Theatre presents “Shrek The Musical” Saturday through Aug. 3 at the Mountain View Center for the Performing Arts...

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Spiritual Life

Foothills Congregational: 100 years and counting

Foothills Congregational: 100 years and counting


Courtesy of Carolyn Barnes
The newly built Los Altos church in 1914 featured a bell tower and an arched front window. Both continue as elements of the building as it stands today.

Foothills Congregational Church – the oldest church building in L...

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Magazine

Festival features fun for everyone

Festival features fun for everyone


TOWN CRIER FILE PHOTO
The Los Altos Arts & Wine Festival boasts more than 375 craft and arts booths.

This weekend’s 35th annual Los Altos Arts & Wine Festival promises to be jam-packed with fun activities for just about everyone. The eve...

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Stock market off to rocky start in 2014

The stock market is off to a poor start in 2014, remaining in the red after the first six starts in the new year. A search for possible reasons turns up nebulous results, but changes taking place in the software industry should be discussed as a factor.

As Internet connection speeds improve and more software moves into the cloud, numerous changes are taking place. Consumers prefer the cheaper, faster-booting and virus-free Chromebooks over Windows PCs.

PC shipments fell 10 percent in 2013, which made for poor holiday sales and indicated how consumers and businesses are moving away from desktop computers and flocking to notebooks and mobile devices.

The demise of the PC market is evident in Microsoft’s plan to end support for its 13-year-old Windows XP operating system in April. Also contributing to the decline are the Microsoft Windows operating system users who are switching to PCs powered by Google’s Chrome operating system. Google doesn’t charge a licensing fee to use its operating system.

Marking further changes to the PC market, Toshiba Corp. joined the growing list of Chromebook vendors when it unveiled its Chromebook system at the Consumer Electronics Show in Las Vegas last week. Toshiba’s Chromebook will compete with models from all major PC manufacturers.

Following is an update on two Town Crier “50” stocks impacted by changes in the software industry.

• Microsoft Corp. (MSFT; $35.26) is still looking for a new CEO. When Ford Motor Co. CEO Alan Mulally asked that his name be removed from consideration for Microsoft’s CEO position last week, the stock price dropped 2 percent.

Whoever is hired will be a breath of fresh air after 13 years of Steve Ballmer’s tenure – the stock has dropped 38 percent since he took over.

Microsoft’s strongest growth driver is its commercial cloud service. Cloud services revenue grew $261 million, or 103 percent, during the first quarter of the current fiscal year compared to last year’s first quarter. Microsoft already has two cloud businesses – Azure and Office 365 – that are growing rapidly and account for more than 1 billion in annual revenues.

Microsoft’s strong financial position allows it to support quarterly dividend payments, repurchase its own shares and buy other companies. The company just acquired Parature, a developer of a cloud-based customer support platform.

Last month Microsoft announced a $7.5 billion transaction to acquire Nokia Corp.’s mobile device business, enabling Microsoft to compete with Apple and Google in the smartphone market. Dividend income is an important factor in my investment decisions, and Microsoft pays a nice dividend and has enough money to buy its way into a position to challenge Google and Apple.

• Cisco Systems Inc. (CSCO; $22.32) is another company that has taken a beating lately but still has long-term appeal. The share price tumbled more than 15 percent in the month following the release of its November earnings report, when the company revealed that sales in the following quarter would fall as much as 10 percent.

Cisco’s core business – providing a means of connecting devices to one another with security – will continue to grow. However, the company claimed its gloomy outlook via weakness in emerging markets.

The stock yields a dividend of 3.3 percent, roughly four times the industry average. Dividend stocks can make you rich even when they don’t become high-flying growth stocks.

Clyde Noel is a Los Altos Hills resident and investor in stocks. He has a small exposure in Microsoft and Cisco stock.

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