WSJ UPDATE: Samsung's 3Q Smartphone Sales Offset Weakness In Other Segments - Wall Street Journal

--Samsung Electronics overtakes Apple to become the world's largest smartphone seller in 3Q

--Samsung says Thailand floods to damp PC sales, but boost demand for solid state drives, NAND flash memory chips in 4Q

--Samsung said 2012's capital expenditure on non-memory chips and advanced flat panels to increase from this year

(Adds global smartphone and cellphone rankings in 5th paragraph, comments from Samsung executive on impact of Thailand floods in 7th paragraph, share price move in 10th paragraph, background on 2010-2011 investments in 14th paragraph.)

By Jung-Ah Lee and Evan Ramstad

SEOUL (Dow Jones)--Samsung Electronics Co.'s third-quarter net profit fell ...