Winstar Communications

(WCII)

was down 1.4% in late morning.

Robertson Stephens

lowered its 2001 earnings estimate on the telecom company from $11.70 a share to $9.56, a day after it had posted a wider-than-expected fourth-quarter loss.

Robertson Stephens maintained its buy rating but said it expects the stock to remain "under pressure" until the company can fully finance its business plan.