1.   Some observers speculated that the surprisingly high level of ozone depletion might be linked to aerosols from the eruption of the Mount Pinatubo volcano.

2.   Belgrade observers have long speculated that Mladic has allied with Milosevic, who himself is searching for ways to oust Karadzic.

3.   After a successful race for education commissioner, many political observers speculated that the Brogans would eventually campaign for governor.

4.   But observers are speculating on which teams will make it at all.

5.   Initially, some observers speculated that Hewlett might keep fighting, by appealing to the Delaware Supreme Court.

6.   Industry observers have speculated that federal regulators may be forcing the sale of the premium business to counterbalance an anticipated loss on the sale of the subprime accounts.

7.   Industry observers have speculated for years that only the strongest will survive.

8.   Many observers speculated that Fujimori may seek political asylum in Japan to avoid being prosecuted at home for a series of corruption scandals involving Montesinos.

9.   Observers speculated that Yeoman or Leckie, or both, might roll over on Symington and testify about criminal things he had done.

10.   Observers speculated that cost savings could come eventually in the production and distribution areas.