I don't know how to update this as resolved but I think its fixed now.
All I did was went in to the Update managers settings
(System>>Administration>>Update Manager>>Settings...), on the Ubuntu
Software tab I unchecked "CD-Rom with Ubuntu 10.04 LTS 'Lucid Lynx'" in
the Installable from CD-ROM/DVD
** Changed in: update-manager (Ubuntu)
Status: New => In Progress
** Changed in: update-manager (Ubuntu)
Assignee: (unassigned) => Mirza Obeidullah Baig (obeid-mirza)
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Could not download all repository indexes
https://bugs.launchpad.net/bugs/579105
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the bug doesn't really effect Ubuntu's performance. However, it does add
a Caution Icon on my top panel.
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Could not download all repository indexes
https://bugs.launchpad.net/bugs/579105
You received this bug notification because you are a member of Ubuntu
Bugs, which is subscribed to Ubuntu.