Texas Instruments Forecasts Sales Short of Some Estimates

Texas Instruments Inc., the largest maker of analog chips, predicted first-quarter sales that fell short of some analysts’ estimates as electronic-device makers postpone orders to keep inventory low amid lackluster demand.

First-quarter sales will be $2.69 billion to $2.91 billion, the Dallas-based company said yesterday in a statement. Analysts on average had predicted $2.89 billion, according to data compiled by Bloomberg.