Broadwing Inc.'s stock slid another 17 percent Wednesday, a day after the parent of Cincinnati Bell tried to calm nervous investors.

        Broadwing's stock closed down 65 cents at $3.05, a new low for the stock this year. Shares closed down 30 percent Tuesday amid investor fears about its debt load in face of a sluggish telecommunications market.

        A spokesman said the company and employees are focusing on operating the business rather than the financial storm surrounding the stock.

        Tom Osha, Broadwing spokesman, said the company's business strategy hasn't changed. “What has changed is that we've fallen prey to the same dynamics and misconceptions that have affected the rest of the marketplace,” he said.

        Stock analysts had conflicting views. Some say the company might need to sell more assets, such as its growing wireless business, to reduce its $2.5 billion debt.

        But others say nothing has changed the company's business outlook that would require an asset sale.

        “I think there's a lot of misunderstanding about the company's debt situation,” said Frank Louthan, analyst at Raymond James & Associates. “They've really taken care of their debt situation through 2003.”

        Jon Fisher, head of equity research at Fifth Third Bank, which has has a “hold” rating on Broadwing's stock, said the market isn't overreacting.

        “I think there is risk,” he said in light of the numerous telecom failures.

Lindner departs Chiquita's board
100 jobs may come to airport
Broadwing stock takes another dip
Finnan attorney denies charges
Phone companies telling who and when you're calling
Tristate Summary
Morning Memo
What's the Buzz?