1.   No one can underestimate the difficulties implicit in achieving a negotiated settlement.

2.   She underestimated the difficulty of saving so much money.

3.   Yet I think you underestimate the difficulties of raising such capital.

4.   Although the Fed may yet steer the American economy to a soft landing, investors are underestimating the difficulty of its task.

5.   But he should not underestimate the difficulties that await him on his return.

6.   But we know that companies tend to overpay for acquisitions, that they underestimate the difficulty of fitting companies together, and that they overestimate the synergistic benefits.

7.   From the beginning, construction authority officials contend, the Board of Education underfinanced the project, and underestimated its difficulty.

8.   His reliance on missile defense systems underestimated the difficulties involved in developing a reliable shield.

9.   McTague agreed that the cost overruns arose mainly because the NIF plan had underestimated the difficulty of assembling the individual parts of such a complex project.

10.   NASA rejects the high death estimates, saying that opponents not only overstate the dangers but also underestimate the difficulty of producing solar cells.