It's the wine industry's silver-haired stepchild.

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All of which leaves Netscape looking decidedly second-tier in an industry that doesnt give out silver medals.

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Silver hopes to establish itself as the technology leader in its industry by 2013.

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After posting increases across the board in net earnings, to revenues to production and reserves, Silver Wheaton finds itself in an enviable position with a mining industry that is looking for money.

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The industry predicts demand will remain robust despite the price increases, as silver remains a less expensive alternative to gold for a lot of jewelry buyers, especially for consumers in emerging markets like Latin America.

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While the company is among the higher-cost operators in its gold extraction activities, its silver bi-product sales reduce the net cost to among the lowest in the industry.

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Such patents, called design patents, have "for too long been grossly underappreciated" by the fashion industry, said Perry Saidman, a design-law expert and lawyer in Silver Spring, Md.

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The silver lining is that after the inevitable cleansing of second and third tier VCs, returns to the industry will improve.

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Elevation Partners was launched in June by Roger McNamee, formerly of Silver Lake, and Bono, a rock star, to seek out deals in the media and entertainment industry.

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Based on current production levels in the industry, output of 7.5 million ounces would make the new company the fifth-largest primary silver producer in the world, as well as one of the lowest-cost producers after by-product credits, McEwen reported.

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