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              [html]<thead><tr><tdcolspan="4">Consolidated Statements of Cash Flows</td></tr><tr><tdrowspan="2"></td><tdcolspan="2">Year Ended December 31</td><tdrowspan="2">2000</td></tr><tr><td>1999</td><td>1998</td></tr></thead><tbody><tr><td>( in thousands )</td><td>Net cash used in operating activities ( note 21 )</td><td>$( 16.357 )</td><td>$( 20.371 )</td></tr><tr><td>$( 22.768 )</td><td></td><td></td><td></td></tr><tr><td>Cash flows from investing activities :</td><td>Fixed asset purchases</td><td>( 3.428 )</td><td>( 8.685 )</td></tr><tr><td>( 9.740 )</td><td>Proceeds from sale of fixed assets</td><td>706</td><td>3.742</td></tr><tr><td>5 ± 3</td><td>Purchase of investment securities</td><td>—</td><td>( 5.373 )</td></tr><tr><td>( 29.778 )</td><td>Proceeds from maturity of investment securities</td><td>—</td><td>7.772</td></tr><tr><td>58.789</td><td>Investment in subsidiaries, net of cash acquired</td><td>—</td><td>( 7.316 )</td></tr><tr><td>( 17.338 )</td><td>Net increase /( decrease ) in loan receivable</td><td>( 13 )</td><td>28</td></tr><tr><td>( 8 )</td><td>Net cash ( used in )/ provided by investing activities</td><td>( 2.735 )</td><td>( 9.832 )</td></tr><tr><td>2.468</td><td></td><td></td><td></td></tr><tr><td>Cash flows from financing activities :</td><td>Proceeds from the sale and leaseback of fixed assets</td><td>—</td><td>827</td></tr><tr><td>—</td><td>Proceeds from issuance of shares and other capital contributions</td><td>13.889</td><td>610</td></tr><tr><td>178</td><td>Proceeds from issunce of notes payable and warrants</td><td>378</td><td>—</td></tr><tr><td>83.100</td><td>Costs to obtain loans</td><td>—</td><td>( 22 )</td></tr><tr><td>( 3.294 )</td><td>Repurchase of notes payable and warrants</td><td>—</td><td>( 5.202 )</td></tr><tr><td>( 5.473 )</td><td>Repayment of obligations under capital leases</td><td>( 3.677 )</td><td>( 5.660 )</td></tr><tr><td>( 7.323 )</td><td>Increase /( decrease ) in short - term bank borrowings</td><td>192</td><td>( 300 )</td></tr><tr><td>1 + 2</td><td>( Increase )/ decrease in subscriptions receivable</td><td>( 9 )</td><td>—</td></tr><tr><td>203</td><td>Cash loaned to employees for purchase of common stock</td><td>233</td><td>( 794 )</td></tr><tr><td>—</td><td>Net cash provided by /( used in ) financing activities</td><td>( 11.006 )</td><td>( 10.541 )</td></tr><tr><td>67.533</td><td>Effect of exchange differences on cash</td><td>200</td><td>167</td></tr><tr><td>865</td><td>Net ( decrease )/ increase in cash and cash equivalents</td><td>( 7.886 )</td><td>( 40.577 )</td></tr><tr><td>+ 8.098</td><td>Cash and cash equivalents at beginning of period</td><td>15.037</td><td>55.61 +</td></tr><tr><td>7.516</td><td>Cash and cash equivalents at end of period</td><td>Sensors</td><td>$ 15.037</td></tr><tr><td>8 55.614</td><td></td><td></td><td></td></tr><tr><td>Supplemental disclosures of cash flow information ( note 22 ):</td><td>Interest paid during year</td><td>S_2.076</td><td>S_1.133</td></tr><tr><td>8_1.907</td><td>Income taxes refunded during year</td><td>$</td><td>—</td></tr></tbody>
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