11.   Observers had speculated for the past two months that RTZ might make a takeover bid for CRA.

12.   One observer speculated that the choice of a new leader could become deadlocked, and the senators might have to go through several ballots in formal session before deciding.

13.   Retail observers speculated the May will try and acquire stores that Federated divests in Northern California.

14.   Some observers are speculating that an SFX monopoly will mean higher ticket prices, though SFX spokesmen say no.

15.   Some observers speculate that Gifford may opt not to head the new bank, despite provisions that make it tough to remove him.

16.   Some observers speculated that the Republicans gave the system to Daley in the hope that it would blow up in his face.

17.   Some observers speculated that Western wanted to back out completely.

18.   Some observers speculate that he will address abortion or human rights.

19.   Some observers speculated that students could use the technology in virtual classrooms, including trips to a virtual blackboard.

20.   Some industry observers have speculated that Dell might be interested in a services company, such as Unisys Corp.