It said the guidance is in an early stage of development and had not been finalised.
The next stage of development, says Mr Walker, will be to add some level of intelligence.
In markets like India, e-commerce, a key online advertising driver, is at an earlier stage of development.
And only if the start-up has reached a further stage of development does it get equity investment.
New research also surfaced, implying that 20somethings are in the throes of a new stage of development.
Or that they have no relevance in countries where financial markets have not reached that stage of development?
ChevronTexaco is buying Unocal at a prime time, considering that the riskiest stage of development in Azerbaijan--exploration--is over.
While China is already the second-largest economy in the world, it is still in an embryonic stage of development.
Chinamex is investing 10 billion Chinese Yuan in the first stage of development.
Although China is the second largest economy in the world, it is still in an embryonic stage of development.
Its sea-based rival is at an earlier stage of development, with the first intercept planned in about a year.
Femtosecond lasers are beginning to be used in medicine, although such applications are at an early stage of development.
They can be pioneers in helping our society move to the next stage of development in a global economy.
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One of them is the increase in the number of collaborators and the numerous interactions among them, across each stage of development.
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But it is still a discipline at an early stage of development.
Chinese companies are past the point of having to copy products or technologies in order to move to a higher stage of development.
Rising borrowing is expected in economies at this stage of development, and many of the companies have experience lending in markets such as these.
China and others are entering the tricky middle-income stage of development in which the big advances from absorbing rich-world technology start to run out.
To get human retinal cells at the same stage of development, however, would involve taking stem cells from a foetus during the second trimester of pregnancy.
If it seems hard for anyone to make himself heard amid this cacophony, that is largely because e-commerce is at such an early stage of development.
The richer half of Europe decided to downplay its engagement with the poorer portion until the latter, mostly on its own, reached a more "appropriate" stage of development.
However, the service only plans to select one team to go forward to the next stage of development, and that one team will likely dominate the electronic-warfare business for decades to come.
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They convert these into the expected number of successful molecules, the expected costs at each stage of development, and the total cost of the process taking into account both successful and rejected molecules.
Other countries have also rung up hefty bills since the 2008 financial crash, but are at a much later stage of development than China, which faces a middle-income trap as its cheap labour pool dries up.
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While venture debt can be an important tool at any stage of development, it is not and should never be seen as the primary source of capital or a replacement to equity provided by the venture capital or private equity.
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Michael Porter, a Harvard professor who has become the region's economic guru, peddles the comforting notion that Central America may be able to by-pass the sweatshop stage of development and leap quickly from poverty to northern standards of productivity, social protection and environmental sensitivity.
In the years immediately following the initial successes of IVF, the U.S. government established a requirement that any proposed research on human fertilization, embryos, or the later fetal stage of development must be reviewed by an ethics advisory board before federal funds could be used to support it.
Infants and children, because of their smaller size and stage of development, are particularly at risk from the harmful health effects of BPA. But since BPA is not listed on food or drink labels, we have no way of knowing our daily exposure, or which products to avoid.
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