Allegheny Technologies CEO Pat Hassey to Speak at Investor Conference

Allegheny Technologies - ATI announced that L. Patrick Hassey, Chairman, President, and Chief Executive Officer, will speak at the FTN Midwest Securities Corp. Specialty Aerospace Metals and Materials Conference on May 23, 2006. Mr. Hassey's remarks and presentation slides will be available at 12:50 p.m. on May 23, 2006 on ATI's website www.alleghenytechnologies.com under the Investor tab.

Covad - DVW Reversal Today - Stock Up 10%

Covad Chart - Click Here

NASDAQ INDEX Chart

NASDAQ Chart - Click to view

Market Appears To Be Oversold

The market is experiencing a short-term oversold condition as suggested by a high put-call ratio. This should lead to a short-term market bounce in the near term.

Patience Will Pay Off With BWNG

A Buy signal was confirmed today at $12.17 and the stock will continue to be rated a Buy as long as we close above this benchmark. Shorts should cover the positions immediately to avoid losses. Broadwing is now ready for a Bullish move up.

Merriman Curran Ford Reiterates A Buy On BWNG - Target $18.50

Today should indicate a Technical Buy if the stock stays up at the close over yesterday's close. Short sellers should consider covering their positions immediately if the market confirms this BUY signal.

AOL Launches Free Local Phone Service - Broadwing Is The VoIP Service Provider

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More Detailed News

AOL is also offering a free local telephone number, which a subscriber can choose to keep even when they move to another city, and voicemail that's accessible through the PC. Subscribers can also receive and send text messages to mobile phones.

The paid service, called AIM Phoneline Unlimited, is expected to cost $9.95 a month for a limited time. Beyond the intro period, the service would cost $14.95 a month. AOL believes the paid service would be attractive to home and small businesses, particularly people selling on EBay Inc. or doing some other form of e-commerce.

AOL Phoneline would be available in the top 50 U.S. metropolitan areas, covering 80 percent of the nation's population, AOL said. Partner Broadwing Communications LLC would run the VoIP infrastructure.

Commodities Continue Correcting

High flying commodities have begun a correction stage that started the other day. Today confirms this more than last Friday. The Reuters/Jefferies CRB Index fell over 8 points (-2.3%) as 16 of the 19 commodities experienced selloffs. Most of the biggest losers we see are in the metals and energy markets which have experienced the biggest gains since the start of the year. Silver fell over -7% while gold fell 4%; aluminum and copper had losses of 2.9% and 3.7% respectively. Crude oil fell $2.50 (-2.4%) as other energy markets fell. With commodities under pressure, stocks tied to those commodities experienced heavy selling. Certainly, the day's weakest stock groups are in basic materials, precious metals, and energy.

Qwest to buy OnFiber Communications for $107 Million

Cowen & Co. Starts Covad At Outperform - DVW

Broadwing and OnFiber News - Repost

Could Broadwing be eyeing OnFiber as an acquisition candidate?

Broadwing and OnFiber Deal

Who is OnFiber? - Click

OnFiber's headquarters are also in Austin, Texas. Is this why Broadwing relocated to Austin? - Click