Apple Edged Out in Q3 and 2 Tech Titans on the Move

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Apple Inc. (NASDAQ:AAPL): During the third quarter, Samsung’s Galaxy S3 became the best-selling smartphone in the world, edging out Apple Inc.’s iPhone models. However, the firm believes that Apple’s iPhone 5 will probably be the best-selling smartphone in the fourth quarter, Reuters added.

Google Inc. (NASDAQ:GOOG): Google Inc. plans to increase the cash that they allocate to their venture-capital arm from $200 million to $300 million. Google Ventures will be able to use the extra capital to invest in more, later-stage financing rounds.

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Intel Corporation (NASDAQ:INTC): Intel Corporation and Hewlett-Packard executives worked together to unveil the new Itanium Processor 9500 Series with a focus on how this affects HP-UX customers. “A lot of trends we see in IT today apply to mission-critical,” said Rory McInerney, Vice President of Intel’s Architecture Group, adding that, “it requires a flexible infrastructure because you cannot always size it from day one to handle these changes.”  McInerney continued to say that the amount of data coming back into enterprises enables a lot of new decisions and big data-type analytics. Also, the director of Intel’s Server Development Group mentioned that with today’s release, Intel is offering a “pathway to the long-term solution” by taking critical systems and consolidating them into new hardware.

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