seven billion euros to make France the European leader

Bruno Le Maire and Barbara Pompili presented the Government’s new hydrogen strategy which aims to launch an industrial sector in France. An ambition welcomed by the players who must now honor the appointment and set up projects.

A strategy of seven billion to win a technological bet. Seven billion to be the best in Europe. This is the ambition of Bruno Le Maire and Barbara Pompili by presenting this Tuesday September 8 to the National Strategy for the Development of Carbonated Hydrogen in France. Faced with the players in the sector brought together by Afhypac, the ministers of the economy and ecological transition detailed the objectives, tools and funding channels that will be activated over the next two years to push back a technological frontier in order to respect the natural limits of the plant , according to Barbara Pompili. Bruno Le Maire is convinced of this: We have the industrial strengths and companies to create a French sector providing jobs and added value .

To organize this dynamic, Bruno Le Maire will take the head of a National Hydrogen Committee in which all the players in the sector will meet. The Government will also set up an interministerial task force to carry out the strategy internally.

Build and install electrolysers in France

This new hydrogen strategy aims to install enough electrolysers to make a significant contribution to the decarbonization of the economy. The Government is targeting a hydrogen production capacity of 6.5 GW by 2030. Among the various processes, the strategy retains electrolysis because it appears as the most promising and France already has high potential industrialists , justifies the Government. But other forms of renewable hydrogen production will also be supported.

Like the battery airbus which is taking shape, France intends to build an airbus for electrolysers by bringing about giga factory projects within the framework of an important Project of Common European Interest (PIIEC / IPCEI). France will devote a financial endowment of 1.5 billion euros to this.

Support hydrogen consumption in industry

To avoid chicken or egg syndrome, the strategy is to encourage the consumption of green hydrogen. First axis: industry. Especially that of refining which consumes hydrogen to desulphurize fuels. The Directorate General for Energy and Climate (DGEC) is preparing a specific support method for this sector. The latter will be exempt from tax if it incorporates green hydrogen in its processes. These provisions will be presented in the 2021 finance law for implementation in 2023., said Laurent Michel, director of the DGEC. The latter hopes to encourage the substitution of fossil hydrogen by green hydrogen of 20,000 tonnes, for a sector that uses 145,000.

A mechanism of guarantees of origin will also emerge to upgrade carbonless hydrogen over hydrogen produced from fossil fuels. And to offset the additional cost of green hydrogen production, a support system such as a call for tenders + additional remuneration will support investment, the image of what has been set up in other sectors. renewable energy. AT To date, the price difference between electrolyzed hydrogen and conventional hydrogen is significant. It can be met by a carbon price but in the meantime, we need help, justifies Laurent Michel. The DGEC is counting on support over 15 years, a volume of projects representing a production of 90,000 tonnes of hydrogen for a budget of 325 million euros per year for 2022 and 2023. That is to say support around 7 euros per kg hydrogen produced.Consultation with stakeholders will be launched with the aim of notifying this state aid to the European Commission quickly and allowing it to be put in place by 2021., explained Barbara Pompili. The first calls for tenders would be open in early 2022 for a first selection of projects in the second half of 2022.

Support consumption in heavy mobility

The hydrogen meets the needs of high engine power or the needs of long autonomy, in particular for captive fleets covering long distances just in time., considers the Government. This is why its strategy particularly targets heavy mobility for the transport of passengers and goods. Utilities, heavy goods vehicles, trains, planes, buses, river shuttles, everything is screwed up. A call for projects (AAP) for technological bricks and demonstrators will be launched by Ademe to develop all the components and systems related to the production and transport of hydrogen, and its uses. This AAP is endowed with 350 M € until 2023.

In order to pool the uses of hydrogen, another AAP will be launched to create territorial ecosystems. By the end of the year, Ademe will launch the AAP Territorial Hydrogen Hub to select consortia bringing together communities and industrialists who provide solutions to maximize economies of scale. This call for projects will be endowed with € 275 million by 2023.

According to its director, Laurent Michel, the DGEC is in the process of setting up additional tax assistance for the purchase of heavy vehicles running on hydrogen.

Towards a hydrogen campus

In order to bring out the innovations necessary for the success of this strategy, an additional budget of 65 million euros will be directed towards research on hydrogen by the National Research Agency (ANR). This priority research program will be co-piloted by the CEA and the CNRS.

Employment is also an objective of the government strategy with, in sight, the development of skills and the creation, in the long term, of 50,000 and 150,000 direct and indirect jobs in this sector. In order to train all levels, the Government is calling for the creation of one or more hydrogen campuses which would bring together vocational high schools, universities and engineering schools in the same place. The challenge is to offer training and qualifications to train technicians to work on electrolysers, engineers, QHSE managers or even firefighters., details Bruno Le Maire.

In the meantime, a census of all existing training courses is underway.

Looking for projects

Of the € 7 billion pledged, € 3.4 billion will be allocated over the next two years: 54% for industry, 27% for mobility, 19% for research and innovation. Project leaders will thus be able to knock on the door of Ademe, BPI France, the National Research Agency or even the Caisse des Dépôts to innovate, industrialize or create territorial ecosystems around hydrogen. Of the 7 billion, we plan to mobilize 50% of this amount by 2023. It will start quickly, warns Karine Vernier of the general secretariat for investment.

On the side of Ademe, 150 million euros will be able to be released in the coming months according to modalities already proven: subsidies, subsidized loans, repayable advances. It will take projects, warns Arnaud Leroy, president of the agency. But it will not be open bar. We will look for projects that have a social and industrial utility. On the side of BPI France, we are also focusing on the usual funding methods. It is necessary to put fuel in the pipes already created, explains Nicolas Dufourq, its managing director. Repayable advances, innovation loans, seed capital, venture capital, calls for projects, these are extremely effective tools. There will be no budgetary rationing. You just have to find the entrepreneurs, he explains.

The players in the sector say they are ready to take up the challenge. From the 100 million euros initiated by Nicolas Hulot’s hydrogen plan, we are moving to another scale with 10 years of visibility but also employment requirements and value creation, it is a real industrial challenge. considers Christelle Werquin, general delegate of Afhypac.

Article published on September 08, 2020

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Rapamycin could give strength in old age

Medicine – The excessive loss of muscles in old age – called sarcopenia – leads to frailty, weakness and back pain. A well-known active ingredient called rapamycin could delay the previously untreated disease.

About every third person over the age of 80 suffers from sarcopenia. The protein complex mTORC1 can accelerate the disease, as researchers led by Markus Rüegg at the Biozentrum of the University of Basel have discovered. Rapamycin inhibits this complex – and thus dampens the age-related muscle breakdown, report the researchers in the journal “Nature Communications”.

They were able to show this in the mouse model: “Contrary to our expectations, long-term treatment with rapamycin had a positive effect on the aging of the skeletal muscles in mice. Both muscle mass and muscle strength are largely preserved,” said Daniel Ham, first author of the study, according to a communication of the university on Wednesday.

Rapamycin also stabilized the connections between nerve cells and muscle fibers. Conversely, permanent activation of mTORC1 accelerated muscle aging. According to the researchers, the age-related muscle weakness could possibly be delayed with the help of mTORC1 inhibitors.

https://doi.org/10.1038/s41467-020-18140-1

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Rapamycin could give strength in old age

Medicine – The excessive loss of muscles in old age – called sarcopenia – leads to frailty, weakness and back pain. A well-known active ingredient called rapamycin could delay the previously untreated disease.

About every third person over the age of 80 suffers from sarcopenia. The protein complex mTORC1 can accelerate the disease, as researchers led by Markus Rüegg at the Biozentrum of the University of Basel have discovered. Rapamycin inhibits this complex – and thus dampens the age-related muscle breakdown, report the researchers in the journal “Nature Communications”.

They were able to show this in the mouse model: “Contrary to our expectations, long-term treatment with rapamycin had a positive effect on the aging of the skeletal muscles in mice. Both muscle mass and muscle strength are largely preserved,” said Daniel Ham, first author of the study, according to a communication of the university on Wednesday.

Rapamycin also stabilized the connections between nerve cells and muscle fibers. Conversely, permanent activation of mTORC1 accelerated muscle aging. According to the researchers, the age-related muscle weakness could possibly be delayed with the help of mTORC1 inhibitors.

https://doi.org/10.1038/s41467-020-18140-1

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Roche receives US approval for Coronatest

Pharma – The pharmaceutical company Roche can launch a test in the USA that can detect corona and influenza viruses at the same time. The US FDA has granted emergency approval for such a combined test.

Especially with the start of the normal flu season, the symptoms of infections with the coronavirus SARS-CoV-2 and the influenza viruses A / B are difficult to differentiate, according to a statement on Friday. The now approved test enables a simultaneous test for these two virus groups. These test systems could deliver 384 or 1,056 results within eight hours. The test is also available in markets with the CE mark.

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Off Side: You want to see your WhatsApp QR code and share it: it’s that easy to get

They became fashionable again to share all kinds of information through what would be the evolution of the barcode. You can share everything you can imagine: a web link, a video, a password and for a few weeks your account . Thus, you no longer have to give your phone number or send a link with your data by email. It is enough to facilitate this evolution of the barcode. But how do I see and share my ?

LOOK: Here you can know how to see the ‘statuses’ of your WhatsApp contacts without them knowing

How to see your WhatsApp QR code

See your WhatsApp QR code

Android

  • Open WhatsApp> tap More options > Settings.
  • Tap the icon QR that appears next to your name.

iPhone

  • Open WhatsApp> Setting.
  • Tap the icon QR that appears next to your name.

On iPhone 6s and newer versions, you can also press and hold the icon WhatsApp on your home screen. Then press My QR code in the quick action menu.

LOOK: With this easy trick you can change the letter of all your WhatsApp conversations

How to share your WhatsApp QR code

How to share your WhatsApp QR code

  1. Open WhatsApp> tap More options
  2. Tap the icon QR that appears next to your name.
  3. Touch Share
  4. Select a contact or an app to share with them.
  5. You can also choose one of these options: Crop or rotate: Touch
  6. Touch Submit

Note: Only share your WhatsApp QR code with people you trust. Someone might forward your WhatsApp QR code to other people, who could scan it to add you as a contact.

THE BEST 7 WHATSAPP TRICKS

1. Hands-free voice notes: By simply pressing and holding the microphone icon and sliding upwards, you can lock the voice memo function to record, without having to hold the mobile with your hands. An option that surprisingly works!

2. Mark main messages: To obtain this option you must use the “star” message function, where you will mark key messages that you will easily see in a central location. All you have to do is press the message that you want to save as a favorite and then touch the “star” icon.

If your device is an iPhone, you will be able to find all the starred messages by going to Settings and Starred messages or by selecting the name of the chat and tapping “Starred Messages”. For Android users, they will have to press “More options” and then ” Featured messages ”.

MORE ABOUT WHATSAPP …

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Cem Küçük – Fatih Portakal incident in Turkish media

Fox TV main news server Fatih Orange bid farewell to his television career. You know, one of my areas of expertise is media history. I haven’t been writing about the media for a long time. Let’s do a media analysis today on the occasion of this Portakal.

Fatih Portakal is undoubtedly a media phenomenon. Recognized by almost all of the society a TV celebrity. Well, was it like this 5-6 years ago? Let me give an example from myself. In January 2014, I received an invitation from FOX TV exactly during the 17-25 December period. In front of me also defending the 17-25 coup Hayko Baghdad would be. I said who is the presenter, they said Fatih Portakal will be. I swear to you, I’ve never heard of a name called Fatih Portakal until then. No name was a person. I was also a columnist for 1.5 years in January 2014. But everyone heard my name in the media.

I immediately called my senior writer and TV fellows to ask what kind of person this Orange is, how it is a presenter. Most of them did not know at all. One of the two people who know “Mehmet Ali Birand’s police-courthouse reporter” said. The other, “When I go to the 32nd day, he greets us at the door, takes us to the studio, I get to know from there” said. So in 2014, Fatih Portakal – let alone recognition by the Turkish nation – was a low profile man who is barely known even in the Turkish media. In addition, he did not have an opposing attitude …

Of course, he always sided with Hayko Baghdad in that broadcast, but he was still low profile. Yet then too Fox TV Prime Newsbut could not get anyone’s attention. It was swarming and wearing among other news releases. So was he new to the media? No, Portakal has been a member of the Turkish media since 1990. He had 24 years of media life at that time. It has been 30 years now and left the media at the age of 53 …

Fatih Portakal became widely known, especially after the 2016-17 season. So, as a media expert, do I find this situation normal? Of course I find it abnormal throughout. Let’s diagnose this anomaly …

Journalism or television broadcasting is just like football. So if you have star electricity, if you have stellar energy, this will be determined directly. The stars show that they are stars from the moment they hit the field. From his first articles to the first appearance on the screen, the star media man shows himself. It begins to be spoken in the world of print and TV …

I count such star names from all fronts in Turkish media history, but now this is not our topic. So there is no example of a low-profile right-back player from 18 to 33 years old, like Messi or Ronaldo after 33. Actually, like the media, politics is like that. Recep Tayyip Erdogan has always been a political superstar even when he was president of the youth branch. This does not happen later, even if it does, it will definitely be short. At that point surely a illusion or abnormal there is a situation. Maradona has always been Maradona …

So how come Fatih Portakal, a low profile name that no one knows until the age of 50, has really been a clear difference in the last 4 years. champion and star happened?

Let’s give an example of this again from football … If Galatasaray, Fenerbahçe, Beşiktaş, Trabzonspor and Başakşehir do not participate in the league at the same time, an Anatolian club that did not receive a championship in its life will win the championship, it will be your star team. After all, the champion is the champion, but that team could not be a star team in a perfect competitive environment. So there is a fraudulent situation. This is exactly the case of Fatih Portakal.

In an environment where all media institutions are warped and wobbled one by one Fox TV He filled that gap and became the champion like the Anatolian team, for example I gave above. e.g Mehmet Ali Birand He was a great star in every job he did from the very beginning of his professional career until he died. Like his ideas, don’t like it, he was the star name. Ufuk Guldemir well it was. I’m fighting a lot in this corner Ertugrul Ozkok and Victory Happy From the moment they entered the media scene, they were two very influential and star media people. Now of course they also stepped aside.

Even if I hate their work, I wouldn’t deny their past star identity. For example now Medyascope or T24If he had been one of these four names at the beginning of his name, they would have increased his current effects 10 times. Of course, Portakal has become a real TV phenomenon in the last 4 years, especially by imitating the style of the late Birand, and adding a high dose of Kemalist secular populism that has never been in Birand.

A friend of mine got me jokingly “It’s become so popular with you a little bit of Orange. You scattered all of the man’s rivals, none of them could oppose you by being afraid of you, on the contrary, they ran out of fear and moved to the side of the government. Square is left to Portakal “ said. Well, I laughed at this joke at first, but I would be lying if I said that this determination, which is not clear whether it is praise or swearing, did not keep my head busy. Undoubtedly, I have to make a self-criticism on this subject in another article. After all, Orange and Fox TV achieved this championship unrivaled …

In other words, if we give an example from the history of politics, the 1983 elections were only Turgut Sunalp and Necdet Calp If he had entered, either of them would have been Prime Minister. One of those two low profile names that no one knows now in that conjuncture star It would look like it, but it would be because of fraudulent competition conditions. The real star in your soul The deceased Ozaleven of Demirel, Ecevit, Erbakan and Turkes It is clear that his party lost in 1991, when he got back to the political scene and then, when there was an environment of perfect competition …

The student of Birand like orange Cuneyt OzdemirI also fought a lot with, but I think Özdemir is superior to Portakal in terms of star electricity.

Of course, Cüneyt Özdemir is never a name in the scale of Birand, but he is ahead of Portakal. On the other hand, Özdemir, especially the opposition base finds Özdemir unreliable, since he has never taken a clear political stance and always plays in such a way according to the conjuncture. Recently Kubra Parout to “Both sides beat me” wants to create the illusion, but that’s not true. Of course, it is a reality that the opposition base hates Cüneyt Özdemir, but nobody from our side complains about Cüneyt Özdemir. In fact, it is thought to be more useful for us. Cüneyt Özdemir is already working CNN Turk a media organ very close to the government. No need to fool anyone. We have to be honest …

Let’s go back to analyzing the Fatih Portakal incident … An interesting diagnosis of Portakal that suddenly became famous after the age of 50 was before. Nagehan Alçı He wrote in Habertürk. Plaster had said: “Yes, Fox TV and Fatih Portakal are opponents or even enemies of Recep Tayyip Erdogan and his family, but they are not opponents of the current Green Kemalist regime. They oppose only the Green part of the regime, that is, the religious people becoming first-class people and occupying important positions in the state. They adopt all the basic policies of the regime in other matters. It is this government that made Fatih Portakal, a television reporter unknown to 99 percent of the society until 4 years ago, to become a TV phenomenon after the age of 50. If the media policies of the regime block were not like that, there wouldn’t be a TV character called Fatih Portakal.

Although he is a name close to the government, Nagehan Alçı criticizes the mechanism he calls the government or regime bloc at this point. I find Nagehan’s analysis too exaggerated, but It is also certain that it is not normal for Portakal to appear in the media and to shine suddenly until the age of 50! I think that orange left it at the top and made it logical for itself. Of course, “Fatih Portakal will be a presidential candidate” I do not take such statements seriously and laugh. Orange must not lose their mental health. If she tried something like that, it is not known whether she lives now or not Levent Gultekin as ridiculous and frustrated …

I wish Orange success in agricultural village life. I believe that after the history of media, it will also go into the history of agriculture and animal husbandry.

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Süleyman Özışık – Why is Fatih Portakal swearing on the street?

Fatih Portakal, who stopped by saying that he wanted to retire and announced that he left Fox.

Orange bases his resignation on the following grounds:

“I am tired. There is a burden on me that I do not want. I am seen as the voice of the opposition. I do not want to live as an opposition anymore. I do not want to live like an opponent anymore. My house is watched by a drone. When I set off, they swear at me from the vehicles next door. I cannot take it. It was not the life I saw fit for myself. It is heavy. .. “

Interesting!

Interesting; because we are all opposed to something. There are dozens or hundreds of dissenting names like oranges. Maybe we are all exposed to various swearing and insults on social media, but I haven’t seen anyone who swears on the street until today.

Orange pretends to be a dissident and therefore says that he swears, but if he swears, it is not because he is an opponent, but because he publishes a publishing full of lies and slander.

To name a few …

He lied that the gendarmerie handcuffed the HDP’s former Metropolitan Mayor Adnan Selçuk Mızraklı from behind, who was aiding and abetting terrorism.

More recently “5 percent health cut will be made in pensions” He claimed …

He reported that production had stopped at a workshop in İkitelli Ayakkabıcılar Sanayi Sitesi. It turned out that the FOX News crew was filming in an empty workshop that was on their lunch break.

In Bakırköy Courthouse, it pulled the execution files waiting to be removed to the archive whose transactions were completed and showed them as files to be processed.

Orange; “They increased the taxes in education from stationery, book to e-book” made the claim. It turned out that the allegations in question did not reflect the truth and the news was a lie …

He targeted the white meat sector in Sakarya and claimed that the companies were closed. However, the producers themselves denied the claim …

On another date, he published a news that Tuğçe Büşra Başar’s treatment was incomplete. SGK announced that Başar covered all expenses between 2012-2017. It turned out that Father Tarzan Başar defrauded the state, but it was revealed that Portakal was given the false news on the air …

Especially it has a lie that still keeps its place in memories.

It was revealed that the person named Kemal Alp Köker, who played the patient who was walking forcefully on crutches to FOX TV cameras, was holding crutches in the hospital’s security camera recordings.

And it was documented that Fatih Portakal acted this person as a subject mannequin to blacken the City Hospitals …

Trying to put the murder of Hrant Dink on the state, he carried out perception operations in this direction.

Moreover…

He encouraged the terrorist organization by voicing all of FETÖ’s dirty propaganda in its news bulletin on 17/25 December.

And of course …

He made news of corruption and land income on the screens morning and evening. After a while, it was determined that he, like Yılmaz Özdil, collapsed on the land of the state and farm himself illegally …

“Folks are hungry, hungry” Then he said, with his private yacht, that bay is yours, this bay has added pleasure to my joy.

Well, you don’t expect the person who does these to be called “antagonist”. Try it out, “someone who produces fake news to push power” you say

It is normal for such a person to be reacted even without swearing.

Fatih Portakal actually makes a confession in his resignation petition, but nobody wants to say it.

Adam, “I have no face left to face because of the false news I made. That’s why I’m running away, fathers.” says.

That is, it was even late.

If we had told one-thousandth of these lies, we would have resigned years ago and disappeared.

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Berat Albayrak, who said ‘our ancestor paid countless prices for the cost of his life’: It is our turn

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Süleyman Özışık – What can Muharrem İnce do?

Muharrem İnce, who brought a win to the CHP administration, made his expected speech. To be honest, even I did not expect that he would explain in such detail about the footstool revolving within the CHP.

He explained one by one how Kılıçdaroğlu and his team resorted to intrigues to make him lose an election.
“When I was at the rally squares, they left the MPs working with me out of the list. They did not send money to the organizations. They put pressure on the televisions not to broadcast my election campaign. They did not hang my election posters.”

In one part of his speech, he also explained how the CHP voter was made a fool by Kılıçdaroğlu and his team.
He said …
“They wanted me to go out on election night and talk. Let me talk, do we have data that describes the course of the election results?” I asked, they said it was not. But even though they did not have data, they went to the screen and lied, ‘Election is left to the second round.’

At every election “Votes were stolen, our rights were defeated” I hope that the crowd who believes in the CHP administration who made the statement was embarrassed when they heard these words and understood how they got cake.
In his speech, Muharrem İnce frequently drew attention to the dictatorial regime within the CHP. He said that the group vice presidents were not elected and that these names were now chosen by Kılıçdaroğlu.
I think those who say we have democracy are once again embarrassed when they hear these words.
Ince said that those who objected to the course of the CHP were not spoken for 5 minutes, and we saw examples of this in the last congress.
It is useful to remind you.
CHP’s Nuriye Berberoğlu, who took the podium in the convention, asked Kılıçdaroğlu some questions about the cassette plot.
He said:
“Our party was subjected to an international operation. You did not explain who served you where and who served you where the tape of that operation was shown to Erdogan. On May 2, 2019, days before the Istanbul election, all the phones of the people with you at the Kalamış Yacht Harbor during the busiest days of political traffic. With whom did you secretly meet during the yacht trip you participated in by closing? “

There are no answers to these questions that will go down in history. “Cut it, shut up” they dropped them from the podium in an agitated manner.
All the words are said to the fool …
They silenced the woman’s voice and lowered her from the podium, but of course we learned that I would learn …
Anyways…
Let’s go back to Muharrem İnce …
“What is Muharrem İnce going to do or trying to do?” If you ask, I do not have a clear answer to give you. Because I don’t trust Mr. Ince because of his zigzags.
If you remember before “CHP member who went to the Palace” He thundered in his slander, then sat down and silenced his voice. Now it blows and rumbles like this, but I wouldn’t be surprised if it gets quiet again tomorrow.
Ha, what if he doesn’t shut up this time?
As far as I can see, Muharrem Ince’s aim is not to be a president. His main goal is to be a rival to Kemal Kılıçdaroğlu.
“Either me or him” Summing up it says …
When he realizes that he cannot win by fighting within the CHP, he wants to wage the struggle from outside.
Does it follow a different path than Kemal Kılıçdaroğlu?
I do not think so.
He already declares that he will remain in the Nation Alliance. Just like Kemal Kılıçdaroğlu, he is also warm to the HDP. He also sees Selahattin Demirtaş as his buddy.
Yani ha kel Hasan, ha Hasan kel …
There are no differences of thought.
If you look at his speech anyway, you can easily understand that he is on his way to liquidate the names that have been coiled into the CHP.
So will he succeed in an election?
He will be successful against Kılıçdaroğlu. It also lowers the CHP up to the 13-15 percent band. Then he goes out and says “Look, I started a movement, I got as many votes as you in two years. Let go”?
Of the!
Research companies say Muharrem İnce will not have a dam problem. According to the survey results, 30 percent of CHP voters “I will definitely vote for Muharrem İnce” 28 percent say, “I can look at your work and vote” says.
In other words, the CHP is divided into two.
7 percent of the Good Party members and 9 percent of the HDP supporters say that they will definitely vote for Muharrem İnce. If this picture is correct, the CHP gets 16 percent of the vote, and the Good Party and HDP fall directly under the threshold.
Muharrem İnce is partially submissive to the reactions at the moment. “I will not form a party, I will start a movement. I will be a part of the Nation Alliance.” says.
I also say this.
If he sets up a party, he will be successful.
If he does not form a party, it will fade away like Mustafa Sarıgül!

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Cisco forecast disappoints stock market | Abroad

Information technology – The network specialist Cisco disappointed investors with its forecast for the current quarter. The Californian company expects a decline in sales between nine and eleven percent – analysts had expected a smaller minus.

The shares temporarily lost almost seven percent in after-hours trading on Wednesday. According to a statement on Wednesday evening (local time), Cisco is assuming a decline in sales of nine to eleven percent, while analysts expect an average of just under 6.9 percent. The earnings per share will be 69 to 71 cents – 76 cents per title were predicted.

The weak forecast suggests that Cisco will either not be able to benefit from the increase in data traffic from home work and video conferencing in the coronavirus crisis – or the first big investment boost in the industry is over. A large part of Cisco’s revenue traditionally comes from government agencies and small and medium-sized companies. Due to the coronavirus pandemic, customers had tended to postpone orders, the group explained about the developments.

In the fourth quarter of fiscal year ended July, Cisco sales fell by 9.5 percent year-on-year to just under $ 12.2 billion. Meanwhile, profits improved by 19.5 percent to $ 2.64 billion thanks to lower costs.

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