I edited the bug report to add the daemon.log.txt as an attachment
instead of being in the bug report to make it more readable.

** Attachment added: "A snippet of daemon.log"
   http://librarian.launchpad.net/7688524/daemon.log.txt

** Description changed:

  Binary package hint: ntp
  
  ntp is not resolving host names or ip addresses.  I believe ntp is
  trying to do it's job before the network is brought up properly.  I use
  7.04 and is not an upgrade.  Below you will find a snippet of my daemon
  log containing the relevant portions.
  
- May 13 13:37:18 ubuntu ntpdate[4194]: step time server 209.151.236.226 offset 
-0.998100 sec
- May 13 13:37:19 ubuntu NetworkManager: <information>^Istarting... 
- May 13 13:37:19 ubuntu NetworkManager: <information>^Ieth0: Device is 
fully-supported using driver '8139too'. 
- May 13 13:37:19 ubuntu NetworkManager: <information>^Inm_device_init(): 
waiting for device's worker thread to start 
- May 13 13:37:19 ubuntu avahi-daemon[5014]: Found user 'avahi' (UID 105) and 
group 'avahi' (GID 111).
- May 13 13:37:19 ubuntu avahi-daemon[5014]: Successfully dropped root 
privileges.
- May 13 13:37:19 ubuntu avahi-daemon[5014]: avahi-daemon 0.6.17 starting up.
- May 13 13:37:19 ubuntu avahi-daemon[5014]: Successfully called chroot().
- May 13 13:37:19 ubuntu avahi-daemon[5014]: Successfully dropped remaining 
capabilities.
- May 13 13:37:19 ubuntu avahi-daemon[5014]: No service found in 
/etc/avahi/services.
- May 13 13:37:19 ubuntu avahi-daemon[5014]: Joining mDNS multicast group on 
interface eth0.IPv4 with address 192.168.1.100.
- May 13 13:37:19 ubuntu avahi-daemon[5014]: New relevant interface eth0.IPv4 
for mDNS.
- May 13 13:37:19 ubuntu avahi-daemon[5014]: Network interface enumeration 
completed.
- May 13 13:37:19 ubuntu avahi-daemon[5014]: Registering new address record for 
fe80::205:5dff:fe53:2ba5 on eth0.*.
- May 13 13:37:19 ubuntu avahi-daemon[5014]: Registering new address record for 
192.168.1.100 on eth0.IPv4.
- May 13 13:37:19 ubuntu avahi-daemon[5014]: Registering HINFO record with 
values 'I686'/'LINUX'.
- May 13 13:37:19 ubuntu NetworkManager: <information>^Inm_device_init(): 
device's worker thread started, continuing. 
- May 13 13:37:19 ubuntu NetworkManager: <information>^INow managing wired 
Ethernet (802.3) device 'eth0'. 
- May 13 13:37:19 ubuntu NetworkManager: <information>^IDeactivating device 
eth0. 
- May 13 13:37:19 ubuntu avahi-daemon[5014]: Withdrawing address record for 
192.168.1.100 on eth0.
- May 13 13:37:19 ubuntu avahi-daemon[5014]: Leaving mDNS multicast group on 
interface eth0.IPv4 with address 192.168.1.100.
- May 13 13:37:19 ubuntu avahi-daemon[5014]: Interface eth0.IPv4 no longer 
relevant for mDNS.
- May 13 13:37:19 ubuntu avahi-daemon[5014]: Withdrawing address record for 
fe80::205:5dff:fe53:2ba5 on eth0.
- May 13 13:37:20 ubuntu NetworkManager: <information>^IWill activate wired 
connection 'eth0' because it now has a link. 
- May 13 13:37:20 ubuntu NetworkManager: <information>^ISWITCH: no current 
connection, found better connection 'eth0'. 
- May 13 13:37:20 ubuntu NetworkManager: <information>^IWill activate 
connection 'eth0'. 
- May 13 13:37:20 ubuntu NetworkManager: <information>^IDevice eth0 activation 
scheduled... 
- May 13 13:37:20 ubuntu NetworkManager: <information>^IActivation (eth0) 
started... 
- May 13 13:37:20 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
1 of 5 (Device Prepare) scheduled... 
- May 13 13:37:20 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
1 of 5 (Device Prepare) started... 
- May 13 13:37:20 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
2 of 5 (Device Configure) scheduled... 
- May 13 13:37:20 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
1 of 5 (Device Prepare) complete. 
- May 13 13:37:20 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
2 of 5 (Device Configure) starting... 
- May 13 13:37:20 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
2 of 5 (Device Configure) successful. 
- May 13 13:37:20 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
3 of 5 (IP Configure Start) scheduled. 
- May 13 13:37:20 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
2 of 5 (Device Configure) complete. 
- May 13 13:37:20 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
3 of 5 (IP Configure Start) started... 
- May 13 13:37:21 ubuntu NetworkManager: <information>^IActivation (eth0) 
Beginning DHCP transaction. 
- May 13 13:37:21 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
3 of 5 (IP Configure Start) complete. 
- May 13 13:37:21 ubuntu NetworkManager: <information>^IDHCP daemon state is 
now 12 (successfully started) for interface eth0 
- May 13 13:37:22 ubuntu NetworkManager: <information>^IDHCP daemon state is 
now 1 (starting) for interface eth0 
- May 13 13:37:23 ubuntu hcid[5284]: Bluetooth HCI daemon
- May 13 13:37:23 ubuntu NetworkManager: <debug info>^I[1179088643.657209] 
nm_hal_device_added (): New device added (hal udi is 
'/org/freedesktop/Hal/devices/platform_bluetooth'). 
- May 13 13:37:23 ubuntu hcid[5284]: Starting SDP server
- May 13 13:37:23 ubuntu ntpd[5325]: ntpd [EMAIL PROTECTED] Wed Mar  7 20:43:30 
UTC 2007 (1)
- May 13 13:37:23 ubuntu ntpd[5326]: precision = 1.000 usec
- May 13 13:37:23 ubuntu ntpd[5326]: Listening on interface wildcard, 
0.0.0.0#123 Disabled
- May 13 13:37:23 ubuntu ntpd[5326]: Listening on interface wildcard, ::#123 
Disabled
- May 13 13:37:23 ubuntu ntpd[5326]: Listening on interface lo, ::1#123 Enabled
- May 13 13:37:23 ubuntu ntpd[5326]: Listening on interface lo, 127.0.0.1#123 
Enabled
- May 13 13:37:23 ubuntu ntpd[5326]: kernel time sync status 0040
- May 13 13:37:23 ubuntu ntpd[5326]: frequency initialized 163.679 PPM from 
/var/lib/ntp/ntp.drift
- May 13 13:37:24 ubuntu dhclient: DHCPREQUEST on eth0 to 255.255.255.255 port 
67
- May 13 13:37:24 ubuntu dhclient: DHCPACK from 192.168.1.1
- May 13 13:37:25 ubuntu avahi-daemon[5014]: Joining mDNS multicast group on 
interface eth0.IPv4 with address 192.168.1.100.
- May 13 13:37:25 ubuntu avahi-daemon[5014]: New relevant interface eth0.IPv4 
for mDNS.
- May 13 13:37:25 ubuntu avahi-daemon[5014]: Registering new address record for 
192.168.1.100 on eth0.IPv4.
- May 13 13:37:25 ubuntu dhclient: bound to 192.168.1.100 -- renewal in 36009 
seconds.
- May 13 13:37:25 ubuntu NetworkManager: <information>^IDHCP daemon state is 
now 4 (reboot) for interface eth0 
- May 13 13:37:25 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
4 of 5 (IP Configure Get) scheduled... 
- May 13 13:37:25 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
4 of 5 (IP Configure Get) started... 
- May 13 13:37:25 ubuntu NetworkManager: <information>^IRetrieved the following 
IP4 configuration from the DHCP daemon: 
- May 13 13:37:25 ubuntu NetworkManager: <information>^I  address 192.168.1.100 
- May 13 13:37:25 ubuntu NetworkManager: <information>^I  netmask 255.255.255.0 
- May 13 13:37:25 ubuntu NetworkManager: <information>^I  broadcast 
192.168.1.255 
- May 13 13:37:25 ubuntu NetworkManager: <information>^I  gateway 192.168.1.1 
- May 13 13:37:25 ubuntu NetworkManager: <information>^I  nameserver 
205.171.3.65 
- May 13 13:37:25 ubuntu NetworkManager: <information>^I  nameserver 
205.171.2.65 
- May 13 13:37:25 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
5 of 5 (IP Configure Commit) scheduled... 
- May 13 13:37:25 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
4 of 5 (IP Configure Get) complete. 
- May 13 13:37:25 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
5 of 5 (IP Configure Commit) started... 
- May 13 13:37:25 ubuntu avahi-daemon[5014]: Withdrawing address record for 
192.168.1.100 on eth0.
- May 13 13:37:25 ubuntu avahi-daemon[5014]: Leaving mDNS multicast group on 
interface eth0.IPv4 with address 192.168.1.100.
- May 13 13:37:25 ubuntu avahi-daemon[5014]: Interface eth0.IPv4 no longer 
relevant for mDNS.
- May 13 13:37:25 ubuntu avahi-daemon[5014]: Joining mDNS multicast group on 
interface eth0.IPv4 with address 192.168.1.100.
- May 13 13:37:25 ubuntu avahi-daemon[5014]: New relevant interface eth0.IPv4 
for mDNS.
- May 13 13:37:25 ubuntu avahi-daemon[5014]: Registering new address record for 
192.168.1.100 on eth0.IPv4.
- May 13 13:37:25 ubuntu ntpd_initres[5334]: host name not found: ntp.ubuntu.com
- May 13 13:37:25 ubuntu ntpd_initres[5334]: couldn't resolve `ntp.ubuntu.com', 
giving up on it
- May 13 13:37:25 ubuntu ntpd_initres[5334]: host name not found: 
us.pool.ntp.org
- May 13 13:37:25 ubuntu ntpd_initres[5334]: couldn't resolve 
`us.pool.ntp.org', giving up on it
- May 13 13:37:26 ubuntu NetworkManager: <information>^IClearing nscd hosts 
cache. 
- May 13 13:37:26 ubuntu NetworkManager: <WARNING>^I nm_spawn_process (): 
nm_spawn_process('/usr/sbin/nscd -i hosts'): could not spawn process. (Failed 
to execute child process "/usr/sbin/nscd" (No such file or directory))  
- May 13 13:37:26 ubuntu NetworkManager: <information>^IActivation (eth0) 
successful, device activated. 
- May 13 13:37:26 ubuntu NetworkManager: <information>^IActivation (eth0) 
Finish handler scheduled. 
- May 13 13:37:26 ubuntu NetworkManager: <information>^IActivation (eth0) Stage 
5 of 5 (IP Configure Commit) complete. 
- May 13 13:37:27 ubuntu avahi-daemon[5014]: Registering new address record for 
fe80::205:5dff:fe53:2ba5 on eth0.*.
- May 13 13:37:27 ubuntu ntpdate[5574]: the NTP socket is in use, exiting
- May 13 13:37:32 ubuntu NetworkManager: <information>^IUpdating allowed 
wireless network lists. 
- May 13 13:37:33 ubuntu NetworkManager: <WARNING>^I nm_dbus_get_networks_cb 
(): error received: org.freedesktop.NetworkManagerInfo.NoNetworks - There are 
no wireless networks stored..
+ See post below for daemon.log.txt attachment.

-- 
ntp is being brought up before network is ready, causing ntp to not resolve any 
ip or host names and it appears ntp does not recover
https://bugs.launchpad.net/bugs/114505
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