No, you only have to stop one service. However, the service you need to stop isn't 'network', it's 'NetworkManager'.
You described this:
Code:
[root@example ~]# service network stop
Shutting down interface eth0: Error: Device 'eth0' (/org/freedesktop/NetworkManager/Devices/0) disconnecting failed: This device is not active
[FAILED]
Shutting down loopback interface: Error: Device 'lo' not found.
[FAILED]
This is what's required:
Code:
[root@example ~]# service NetworkManager stop
Stopping NetworkManager daemon: [ OK ]
The 'network' service is legacy and F14 has been updated to use 'NetworkManager'.