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To: Cornstock who wrote (444)	12/16/1997 8:49:00 PM
From: Feraldo	Respond to of 2377

I like JBIL also. AMAT is too big for me.

To: Cornstock who wrote (444)	12/16/1997 9:14:00 PM
From: Sergio H	Respond to of 2377

Peg, NIAG is worth looking into seriously. Besides the small float, heavy insider ownership and insider buying, the balance sheet has improved greatly with the recent warrant redemption: <On October 31, 1997, Niagara exercised its right to redeeem on December 9, 1997 all of its then outstanding Warrants at $.01 per Warrant. As a result of this call for Redemption, the Warrants may not be exercised after 5 P.M. New York City Time on the Redemption Date. Each outstanding Warrant entitles the holder to purchase from Niagara, prior to the Exercise Deadline, one share of Niagara Common Stock at an exercise price of $5.50. If all the warrants are exercised, Niagara will realize proceeds in the amount of $33,275,000. Proceeds from the exercise of the Warrants in excess of those required to prepay the Subordinated Notes will be used for general corporate purposes and working capital. >