<PAGE>   1
     AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JUNE 30, 1997.
                                                     REGISTRATION NO. 333-______
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM S-8
                             REGISTRATION STATEMENT
                        UNDER THE SECURITIES ACT OF 1933

                         BOREALIS TECHNOLOGY CORPORATION
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

         88-0238203                                      888-0238203
 (STATE OF INCORPORATION)                   (I.R.S. EMPLOYER2IDENTIFICATION NO.)

                             4070 SILVER SAGE DRIVE
                            CARSON CITY, NEVADA 89701
   (ADDRESS, INCLUDING ZIP CODE, OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)


                        1997 EMPLOYEE STOCK PURCHASE PLAN
                                 1996 STOCK PLAN
                            1996 DIRECTOR OPTION PLAN
                            (FULL TITLE OF THE PLAN)
                                  CURTIS FAITH
                         BOREALIS TECHNOLOGY CORPORATION
                             4070 SILVER SAGE DRIVE
                            CARSON CITY, NEVADA 89701
                                 (702) 888-3200
(NAME, ADDRESS, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF AGENT FOR SERVICE)



                                   Copies to:
                                  STEVE BOCHNER
                       WILSON, SONSINI, GOODRICH & ROSATI
                            PROFESSIONAL CORPORATION
                               650 PAGE MILL ROAD
                            PALO ALTO, CA 94304-1050
                                 (415) 493-9300

                         CALCULATION OF REGISTRATION FEE

<TABLE>
<CAPTION>
====================================================================================================================
                                                                    PROPOSED         PROPOSED
                                                                     MAXIMUM         MAXIMUM
              TITLE OF EACH CLASS                    AMOUNT         OFFERING        AGGREGATE       AMOUNT OF
                OF SECURITIES TO                     TO BE          PRICE PER        OFFERING      REGISTRATION
                 BE REGISTERED                     REGISTERED        SHARE(1)         PRICE            FEE
--------------------------------------------------------------------------------------------------------------------
<S>                                             <C>                   <C>        <C>                <C>
Common Stock, $0.001 par value,
   issuable pursuant to 1997 Employee
   Stock Purchase Plan                          200,000 shares        $ 4.25     $  850,000         $   258
--------------------------------------------------------------------------------------------------------------------
Common Stock, $0.001 par value,
   issuable pursuant to 1996 Stock Plan         432,117 shares        $ 4.25   $  1,836,497         $   557
--------------------------------------------------------------------------------------------------------------------
Common Stock, $0.001 par value,
   issuable pursuant to 1996 Director          
   Option Plan                                   40,000 shares        $ 4.25     $  170,000         $    52
--------------------------------------------------------------------------------------------------------------------
  Totals                                        672,117 shares        $ 4.25     $2,856,497         $   867
====================================================================================================================
</TABLE>

(1) Estimated in accordance with Rule 457(h)(1) and 457(c) solely for the
purpose of computing the amount of registration fee based on the prices of the
Company's Common Stock as reported on the Nasdaq SmallCap Market on June 27,
1997.


<PAGE>   2
                         BOREALIS TECHNOLOGY CORPORATION
                       REGISTRATION STATEMENT ON FORM S-8

                                     PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference.

         There are hereby incorporated by reference in this Registration
Statement the following documents and information heretofore filed with the
Securities and Exchange Commission (the "Commission"):

         (a) The Registrant's Annual Report on Form 10-KSB for the fiscal year
ended December 31, 1996, as filed with the Commission on March 31, 1997 and the
Registrant's Quarterly Report on Form 10-QSB for the three months ended March
31, 1997.

         (b) All documents filed by the Registrant pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), subsequent to the filing of this Registration Statement, and
prior to the filing of a post-effective amendment which indicates that all
securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in the
Registration Statement and to be part hereof from the date of filing of such
documents.

         (c) The description of the Registrant's Common Stock contained in the
Registration Statement on Form SB-2 (File No. 333-4792-LA) initially filed by
the Registrant with the Commission on May 2, 1996, as amended by Amendment No. 1
to such Registration Statement filed with the Commission on May 9, 1996, as
amended by Amendment No. 2 to such Registration Statement filed with the
Commission on June 3, 1996, as amended by Amendment No. 3 to such Registration
Statement filed with the Commission on June 19, 1996, and any further amendment
or report filed hereafter for the purpose of updating such description.

Item 4.  Description of Securities.

         Not applicable.

Item 5.  Interests of Named Experts and Counsel.

         Not applicable.

Item 6.  Indemnification of Directors and Officers.

         Section 145 of the Delaware General Corporation Law authorizes a court
to award, or a corporation's Board of Directors to grant, indemnity to directors
and officers in terms sufficiently broad to permit such indemnification under
certain circumstances for liabilities (including reimbursement for expenses
incurred) arising under the Securities Act of 1933, as amended (the "Securities
Act"). The Registrant's Certificate of Incorporation and Bylaws provide that the
Registrant shall indemnify its directors and officers to the fullest extent
permitted by Delaware law, including circumstances in which indemnification is
otherwise discretionary under Delaware law.

         The Registrant has entered into indemnity agreements with certain
directors and executive officers. These agreements, among other things,
indemnify the directors and executive officers for certain expenses (including

<PAGE>   3
attorneys' fees), judgments, fines, and settlement payments incurred by such
persons in any action, including any action by or in the right of the
Registrant, in connection with the good faith performance of their duties as
directors or officers. The indemnification agreements also provide for the
advance payment by the Registrant of defense expenses incurred by the director
or officer; however, the affected director or officer must undertake to repay
such amounts advanced if it is ultimately determined that such director or
officer is not entitled to be indemnified.

         At present, there is no pending litigation involving a director or
officer of the Registrant in which indemnification is required or permitted, and
the Registrant is not aware of any threatened litigation or proceeding that may
result in a claim for such indemnification.

Item 7.  Exemption from Registration Claimed.

         Not applicable.

Item 8.  Exhibits.

<TABLE>
<CAPTION>
                  Exhibit
                  Number                                 Description
                  -------                                -----------
                    <S>        <C>
                     5.1       Opinion of Wilson Sonsini Goodrich & Rosati,
                               Professional Corporation with respect to the
                               securities being registered.
                    10.1*      1996 Stock Plan.
                    10.2*      1996 Director Option Plan.
                    10.3**     1997 Employee Stock Purchase Plan
                    23.1       Consent of Ernst & Young LLP, Independent Auditors
                    23.2       Consent of Counsel (contained in Exhibit 5.1).
                    24.1       Power of Attorney (see page II-4).
</TABLE>

-----------------------
* Incorporated by reference to the Exhibits filed with the Registrant's
Registration Statement on Form SB-2 (File No. 333-4792-LA) as declared effective
by the Securities and Exchange Commission on June 20, 1996. 
**Incorporated by reference to the Annex filed with the Registrant's Definitive
Proxy Statement on Schedule 14A filed with the Commission on April 11, 1997.

Item 9.  Undertakings.

         (a)      The undersigned Registrant hereby undertakes:

                  (1) To file, during any period in which offers or sales are
being made, a post-effective amendment to this Registration Statement to include
any material information with respect to the plan of distribution not previously
disclosed in the Registration Statement or any material change to such
information in the Registration Statement.

                  (2) That, for the purpose of determining any liability under
the Securities Act, each such post-effective amendment shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at the time shall be deemed to be the initial bona
fide offering thereof.

                  (3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.




                                      II-2
<PAGE>   4



         (b) The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to section 13(a) or section 15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in the Registration Statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be an initial bona
fide offering thereof.

         (c) Insofar, as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the Delaware General Corporation Law, the
Certificate of Incorporation of the Registrant, the Bylaws of the Registrant,
Indemnification Agreements entered into between the Registrant and it officers
and directors, or otherwise, the Registrant has been advised that in the opinion
of the Securities and Exchange Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable. In
the event that a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the Registrant will,
unless in the opinion of its counsel the matter has been settled by the
controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as
expressed in the Securities Act and will be governed by the final adjudication
of the such issue.




                                      II-3

<PAGE>   5
                                   SIGNATURES

         Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirement for filing on Form S-8 and has duly caused the Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Carson City, State of Nevada, on this 30th day of
June, 1997.

                              BOREALIS TECHNOLOGY CORPORATION

                              By: /s/ Peter Pitsker
                                 -----------------------------------------------
                                  Peter Pitsker
                                  Interim President and Chief Executive Officer,
                                  and Director


                                POWER OF ATTORNEY

         KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints, jointly and severally, Peter Pitsker and
Elizabeth Gasper, and each one of them, individually and without the other, his
or her attorney-in-fact, each with full power of substitution, for him or her in
any and all capacities, to sign any and all amendments to this Registration
Statement on Form S-8, and to file the same, with exhibits thereto and other
documents in connection therewith, with the Securities Exchange Commission,
hereby ratifying and confirming all that each of said attorneys-in-fact, or his
or her substitute or substitutes, may do or cause to be done by virtue hereof.

         Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities indicated.

<TABLE>
<CAPTION>
         Signature                          Title

<S>                                         <C>
/s/ Peter Pitsker                           Interim President, Chief Executive Officer and Director
-----------------------------
    Peter Pitsker


/s/ Elizabeth Gasper                        Chief Financial Officer
-----------------------------
    Elizabeth Gasper


/s/ Curtis Faith                            Chairman of the Board
-----------------------------
    Curtis Faith

/s/ Ed Esber                                Director
-----------------------------
    Ed Esber


/s/ Patrick Grady                           Director
-----------------------------
    Patrick Grady


/s/ Shekar M. Swamy                         Director
-----------------------------
    Shekar M. Swamy
</TABLE>



                                      II-4
<PAGE>   6
                                 EXHIBIT INDEX




<TABLE>
<CAPTION>
                                                                                          
Exhibit                                                                                   
Number                                 Description                                        
-------                                -----------                                         
  <S>        <C>                                                                               
   5.1       Opinion of Wilson Sonsini Goodrich & Rosati, Professional
             Corporation with respect to the securities being registered.
  10.1*      1996 Stock Plan.
  10.2*      1996 Director Option Plan.
  10.3**     1997 Employee Stock Purchase Plan
  23.1       Consent of Ernst & Young LLP, Independent Auditors
  23.2       Consent of Counsel (contained in Exhibit 5.1).
  24.1       Power of Attorney (see page II-4).
</TABLE>

-----------------------
* Incorporated by reference to the Exhibits filed with the Registrant's
Registration Statement on Form SB-2 (File No. 333-4792-LA) as declared effective
by the Securities and Exchange Commission on June 20, 1996. 
**Incorporated by reference to the Annex filed with the Registrant's Definitive
Proxy Statement on Schedule 14A filed with the Commission on April 11, 1997.
[{"type": "S-8", "sequence": "1", "description": "FORM S-8", "secsgml_size_bytes": 16399}]
{"company-data": {"conformed-name": "BOREALIS TECHNOLOGY CORP", "cik": "0001014767", "assigned-sic": "7371", "irs-number": "880238203", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-30517", "film-number": "97634739"}, "business-address": {"street1": "4070 SILVER SAGE DR", "street2": "STE 211", "city": "CARSON CITY", "state": "NV", "zip": "89701", "phone": "7028883200"}, "mail-address": {"street1": "4070SILVER SAGE DR", "city": "CARSON CITY", "state": "NV", "zip": "89701"}}
1
     AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JUNE 30, 1997.
                                                     REGISTRATION NO. 333-______
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM S-8
                             REGISTRATION STATEMENT
                        UNDER THE SECURITIES ACT OF 1933

                         BOREALIS TECHNOLOGY CORPORATION
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

         88-0238203                                      888-0238203
 (STATE OF INCORPORATION)                   (I.R.S. EMPLOYER2IDENTIFICATION NO.)

                             4070 SILVER SAGE DRIVE
                            CARSON CITY, NEVADA 89701
   (ADDRESS, INCLUDING ZIP CODE, OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)

                        1997 EMPLOYEE STOCK PURCHASE PLAN
                                 1996 STOCK PLAN
                            1996 DIRECTOR OPTION PLAN
                            (FULL TITLE OF THE PLAN)
                                  CURTIS FAITH
                         BOREALIS TECHNOLOGY CORPORATION
                             4070 SILVER SAGE DRIVE
                            CARSON CITY, NEVADA 89701
                                 (702) 888-3200
(NAME, ADDRESS, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF AGENT FOR SERVICE)

                                   Copies to:
                                  STEVE BOCHNER
                       WILSON, SONSINI, GOODRICH & ROSATI
                            PROFESSIONAL CORPORATION
                               650 PAGE MILL ROAD
                            PALO ALTO, CA 94304-1050
                                 (415) 493-9300

                         CALCULATION OF REGISTRATION FEE
====================================================================================================================
                                                                    PROPOSED         PROPOSED
                                                                     MAXIMUM         MAXIMUM
              TITLE OF EACH CLASS                    AMOUNT         OFFERING        AGGREGATE       AMOUNT OF
                OF SECURITIES TO                     TO BE          PRICE PER        OFFERING      REGISTRATION
                 BE REGISTERED                     REGISTERED        SHARE(1)         PRICE            FEE
--------------------------------------------------------------------------------------------------------------------
Common Stock, $0.001 par value,
   issuable pursuant to 1997 Employee
   Stock Purchase Plan                          200,000 shares        $ 4.25     $  850,000         $   258
--------------------------------------------------------------------------------------------------------------------
Common Stock, $0.001 par value,
   issuable pursuant to 1996 Stock Plan         432,117 shares        $ 4.25   $  1,836,497         $   557
--------------------------------------------------------------------------------------------------------------------
Common Stock, $0.001 par value,
   issuable pursuant to 1996 Director          
   Option Plan                                   40,000 shares        $ 4.25     $  170,000         $    52
--------------------------------------------------------------------------------------------------------------------
  Totals                                        672,117 shares        $ 4.25     $2,856,497         $   867
====================================================================================================================
(1) Estimated in accordance with Rule 457(h)(1) and 457(c) solely for the
purpose of computing the amount of registration fee based on the prices of the
Company's Common Stock as reported on the Nasdaq SmallCap Market on June 27,
1997.
2
                         BOREALIS TECHNOLOGY CORPORATION
                       REGISTRATION STATEMENT ON FORM S-8

                                     PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference.

         There are hereby incorporated by reference in this Registration
Statement the following documents and information heretofore filed with the
Securities and Exchange Commission (the "Commission"):

         (a) The Registrant's Annual Report on Form 10-KSB for the fiscal year
ended December 31, 1996, as filed with the Commission on March 31, 1997 and the
Registrant's Quarterly Report on Form 10-QSB for the three months ended March
31, 1997.

         (b) All documents filed by the Registrant pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), subsequent to the filing of this Registration Statement, and
prior to the filing of a post-effective amendment which indicates that all
securities offered have been sold or which deregisters all securities then
remaining unsold, shall be deemed to be incorporated by reference in the
Registration Statement and to be part hereof from the date of filing of such
documents.

         (c) The description of the Registrant's Common Stock contained in the
Registration Statement on Form SB-2 (File No. 333-4792-LA) initially filed by
the Registrant with the Commission on May 2, 1996, as amended by Amendment No. 1
to such Registration Statement filed with the Commission on May 9, 1996, as
amended by Amendment No. 2 to such Registration Statement filed with the
Commission on June 3, 1996, as amended by Amendment No. 3 to such Registration
Statement filed with the Commission on June 19, 1996, and any further amendment
or report filed hereafter for the purpose of updating such description.

Item 4.  Description of Securities.

         Not applicable.

Item 5.  Interests of Named Experts and Counsel.

         Not applicable.

Item 6.  Indemnification of Directors and Officers.

         Section 145 of the Delaware General Corporation Law authorizes a court
to award, or a corporation's Board of Directors to grant, indemnity to directors
and officers in terms sufficiently broad to permit such indemnification under
certain circumstances for liabilities (including reimbursement for expenses
incurred) arising under the Securities Act of 1933, as amended (the "Securities
Act"). The Registrant's Certificate of Incorporation and Bylaws provide that the
Registrant shall indemnify its directors and officers to the fullest extent
permitted by Delaware law, including circumstances in which indemnification is
otherwise discretionary under Delaware law.

         The Registrant has entered into indemnity agreements with certain
directors and executive officers. These agreements, among other things,
indemnify the directors and executive officers for certain expenses (including
3
attorneys' fees), judgments, fines, and settlement payments incurred by such
persons in any action, including any action by or in the right of the
Registrant, in connection with the good faith performance of their duties as
directors or officers. The indemnification agreements also provide for the
advance payment by the Registrant of defense expenses incurred by the director
or officer; however, the affected director or officer must undertake to repay
such amounts advanced if it is ultimately determined that such director or
officer is not entitled to be indemnified.

         At present, there is no pending litigation involving a director or
officer of the Registrant in which indemnification is required or permitted, and
the Registrant is not aware of any threatened litigation or proceeding that may
result in a claim for such indemnification.

Item 7.  Exemption from Registration Claimed.

         Not applicable.

Item 8.  Exhibits.
Exhibit
                  Number                                 Description
                  -------                                -----------
5.1       Opinion of Wilson Sonsini Goodrich & Rosati,
                               Professional Corporation with respect to the
                               securities being registered.
                    10.1*      1996 Stock Plan.
                    10.2*      1996 Director Option Plan.
                    10.3**     1997 Employee Stock Purchase Plan
                    23.1       Consent of Ernst & Young LLP, Independent Auditors
                    23.2       Consent of Counsel (contained in Exhibit 5.1).
                    24.1       Power of Attorney (see page II-4).
-----------------------
* Incorporated by reference to the Exhibits filed with the Registrant's
Registration Statement on Form SB-2 (File No. 333-4792-LA) as declared effective
by the Securities and Exchange Commission on June 20, 1996. 
**Incorporated by reference to the Annex filed with the Registrant's Definitive
Proxy Statement on Schedule 14A filed with the Commission on April 11, 1997.

Item 9.  Undertakings.

         (a)      The undersigned Registrant hereby undertakes:

                  (1) To file, during any period in which offers or sales are
being made, a post-effective amendment to this Registration Statement to include
any material information with respect to the plan of distribution not previously
disclosed in the Registration Statement or any material change to such
information in the Registration Statement.

                  (2) That, for the purpose of determining any liability under
the Securities Act, each such post-effective amendment shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at the time shall be deemed to be the initial bona
fide offering thereof.

                  (3) To remove from registration by means of a post-effective
amendment any of the securities being registered which remain unsold at the
termination of the offering.

                                      II-2
4

         (b) The undersigned Registrant hereby undertakes that, for purposes of
determining any liability under the Securities Act, each filing of the
Registrant's annual report pursuant to section 13(a) or section 15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act) that is
incorporated by reference in the Registration Statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be an initial bona
fide offering thereof.

         (c) Insofar, as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the Delaware General Corporation Law, the
Certificate of Incorporation of the Registrant, the Bylaws of the Registrant,
Indemnification Agreements entered into between the Registrant and it officers
and directors, or otherwise, the Registrant has been advised that in the opinion
of the Securities and Exchange Commission such indemnification is against public
policy as expressed in the Securities Act and is, therefore, unenforceable. In
the event that a claim for indemnification against such liabilities (other than
the payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer or controlling
person in connection with the securities being registered, the Registrant will,
unless in the opinion of its counsel the matter has been settled by the
controlling precedent, submit to a court of appropriate jurisdiction the
question whether such indemnification by it is against public policy as
expressed in the Securities Act and will be governed by the final adjudication
of the such issue.

                                      II-3
5
                                   SIGNATURES

         Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirement for filing on Form S-8 and has duly caused the Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Carson City, State of Nevada, on this 30th day of
June, 1997.

                              BOREALIS TECHNOLOGY CORPORATION

                              By: /s/ Peter Pitsker
                                 -----------------------------------------------
                                  Peter Pitsker
                                  Interim President and Chief Executive Officer,
                                  and Director

                                POWER OF ATTORNEY

         KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints, jointly and severally, Peter Pitsker and
Elizabeth Gasper, and each one of them, individually and without the other, his
or her attorney-in-fact, each with full power of substitution, for him or her in
any and all capacities, to sign any and all amendments to this Registration
Statement on Form S-8, and to file the same, with exhibits thereto and other
documents in connection therewith, with the Securities Exchange Commission,
hereby ratifying and confirming all that each of said attorneys-in-fact, or his
or her substitute or substitutes, may do or cause to be done by virtue hereof.

         Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities indicated.
Signature                          Title
/s/ Peter Pitsker                           Interim President, Chief Executive Officer and Director
-----------------------------
    Peter Pitsker

/s/ Elizabeth Gasper                        Chief Financial Officer
-----------------------------
    Elizabeth Gasper

/s/ Curtis Faith                            Chairman of the Board
-----------------------------
    Curtis Faith

/s/ Ed Esber                                Director
-----------------------------
    Ed Esber

/s/ Patrick Grady                           Director
-----------------------------
    Patrick Grady

/s/ Shekar M. Swamy                         Director
-----------------------------
    Shekar M. Swamy
II-4
6
                                 EXHIBIT INDEX
Exhibit                                                                                   
Number                                 Description                                        
-------                                -----------
5.1       Opinion of Wilson Sonsini Goodrich & Rosati, Professional
             Corporation with respect to the securities being registered.
  10.1*      1996 Stock Plan.
  10.2*      1996 Director Option Plan.
  10.3**     1997 Employee Stock Purchase Plan
  23.1       Consent of Ernst & Young LLP, Independent Auditors
  23.2       Consent of Counsel (contained in Exhibit 5.1).
  24.1       Power of Attorney (see page II-4).
-----------------------
* Incorporated by reference to the Exhibits filed with the Registrant's
Registration Statement on Form SB-2 (File No. 333-4792-LA) as declared effective
by the Securities and Exchange Commission on June 20, 1996. 
**Incorporated by reference to the Annex filed with the Registrant's Definitive
Proxy Statement on Schedule 14A filed with the Commission on April 11, 1997.