content: <PAGE>
  
                        SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, D.C. 20549
                                  ______________
  
                                     FORM 8-K
  
                 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                        THE SECURITIES EXCHANGE ACT OF 1934
  
  
         Date Of Report (Date Of Earliest Event Reported):  March 22, 2000
  
  
                                 VIRATA CORPORATION
               (Exact Name Of Registrant As Specified In Its Charter)
  
  
  <TABLE>
  <S>                                     <C>                               <C>
             DELAWARE                           000-28157                           77-0521696
  (State Or Other Jurisdiction Of        (Commission File Number)        (IRS Employer Identification No.)
           Incorporation)
  </TABLE>
  
  
                          2933 BUNKER HILL LANE, SUITE 201
                           SANTA CLARA, CALIFORNIA  95054
                (Address Of Principal Executive Offices) (Zip Code)
  
  
        Registrant's Telephone Number, Including Area Code:  (408) 566-1000
  <PAGE>
  
  Item 5.  Other Events.
  -------  -------------
  
       On March 22, 2000, Virata Corporation, a Delaware corporation (the
  "Registrant"), announced that it had entered into a Share Purchase Agreement
  (the "Purchase Agreement"), under which the Registrant will acquire all of the
  shares of Inverness Systems Ltd., an Israeli company ("Inverness"), from its
  shareholders (the "Inverness Shareholders"), in a stock for stock transaction.
  The transaction will be accounted for under the purchase method of accounting.
  A copy of the Purchase Agreement is attached hereto as Exhibit 2.1.
  
       Upon the closing of the transaction, holders of Inverness common and
  preferred stock will receive approximately 0.52 shares of the Registrant's
  common stock in exchange for each Inverness share held, subject to the terms of
  the escrow agreement referenced in the Purchase Agreement.  A portion of the
  Registrant's shares issuable pursuant to the Purchase Agreement will be subject
  to the terms of the registration rights agreement referenced in the Purchase
  Agreement.  The aggregate number of the Registrant's shares to be issued to the
  Inverness Shareholders (including options assumed by the Registrant) will be
  approximately 850,000 shares, subject to adjustment as provided in the Purchase
  Agreement.
  
       The transaction is subject to certain conditions precedent described in the
  Purchase Agreement, including, without limitation, compliance with applicable
  regulatory requirements.  The transaction is expected to close during April,
  2000.  A copy of the press release announcing the signing of the Purchase
  Agreement is included herein as Exhibit 99.1 and is incorporated by reference
  into this Item 5.
  
  
  Item 7.    Financial Statements, Pro Forma and Exhibits.
  ---------  ---------------------------------------------
  
  (c)    Exhibits
  
         Exhibit No.      Description
         -----------      -----------
         2.1              Purchase Agreement dated as of March 21, 2000 among
                          Registrant and the Inverness Shareholders
  
         99.1             Press Release issued March 22, 2000
  
                                         2
  <PAGE>
  
                                     Signature
  
       Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  
       Dated as of April 3, 2000
  
                                VIRATA CORPORATION
  
  
                                By: /s/ Andrew M. Vought
                                    --------------------
                                    Andrew Vought
                                    Chief Financial Officer
  
                                         3
  <PAGE>
  
                                   EXHIBIT INDEX
  
  
                                                                   Sequentially
                                                                     Numbered
  Exhibit No.   Description                                            Page
  -----------   ------------------------------------------------   ------------
  2.1           Purchase Agreement dated as of March 21, 2000
                among Registrant and the Inverness Shareholders.
  
  99.1          Press Release issued March 22, 2000.
  
                                         4
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metadata_filer: {"company-data": {"conformed-name": "VIRATA CORP", "cik": "0001094371", "assigned-sic": "3674", "irs-number": "770521696", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-28157", "film-number": "592535"}, "business-address": {"street1": "2933 BUNKER HILL LN", "street2": "STE 201", "city": "SANTA CLARA", "state": "CA", "zip": "95054", "phone": "4085661000"}, "mail-address": {"street1": "2933 BUNKER HILL LN", "street2": "STE 201", "city": "SANTA CLARA", "state": "CA", "zip": "95054"}}
text: SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, D.C. 20549
                                  ______________
  
                                     FORM 8-K
  
                 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                        THE SECURITIES EXCHANGE ACT OF 1934
  
         Date Of Report (Date Of Earliest Event Reported):  March 22, 2000
  
                                 VIRATA CORPORATION
               (Exact Name Of Registrant As Specified In Its Charter)
  DELAWARE                           000-28157                           77-0521696
  (State Or Other Jurisdiction Of        (Commission File Number)        (IRS Employer Identification No.)
           Incorporation)
  2933 BUNKER HILL LANE, SUITE 201
                           SANTA CLARA, CALIFORNIA  95054
                (Address Of Principal Executive Offices) (Zip Code)
  
        Registrant's Telephone Number, Including Area Code:  (408) 566-1000
  Item 5.  Other Events.
  -------  -------------
  
       On March 22, 2000, Virata Corporation, a Delaware corporation (the
  "Registrant"), announced that it had entered into a Share Purchase Agreement
  (the "Purchase Agreement"), under which the Registrant will acquire all of the
  shares of Inverness Systems Ltd., an Israeli company ("Inverness"), from its
  shareholders (the "Inverness Shareholders"), in a stock for stock transaction.
  The transaction will be accounted for under the purchase method of accounting.
  A copy of the Purchase Agreement is attached hereto as Exhibit 2.1.
  
       Upon the closing of the transaction, holders of Inverness common and
  preferred stock will receive approximately 0.52 shares of the Registrant's
  common stock in exchange for each Inverness share held, subject to the terms of
  the escrow agreement referenced in the Purchase Agreement.  A portion of the
  Registrant's shares issuable pursuant to the Purchase Agreement will be subject
  to the terms of the registration rights agreement referenced in the Purchase
  Agreement.  The aggregate number of the Registrant's shares to be issued to the
  Inverness Shareholders (including options assumed by the Registrant) will be
  approximately 850,000 shares, subject to adjustment as provided in the Purchase
  Agreement.
  
       The transaction is subject to certain conditions precedent described in the
  Purchase Agreement, including, without limitation, compliance with applicable
  regulatory requirements.  The transaction is expected to close during April,
  2000.  A copy of the press release announcing the signing of the Purchase
  Agreement is included herein as Exhibit 99.1 and is incorporated by reference
  into this Item 5.
  
  Item 7.    Financial Statements, Pro Forma and Exhibits.
  ---------  ---------------------------------------------
  
  (c)    Exhibits
  
         Exhibit No.      Description
         -----------      -----------
         2.1              Purchase Agreement dated as of March 21, 2000 among
                          Registrant and the Inverness Shareholders
  
         99.1             Press Release issued March 22, 2000
  
                                         2
  Signature
  
       Pursuant to the requirements of the Securities Exchange Act of 1934, the
  Registrant has duly caused this report to be signed on its behalf by the
  undersigned hereunto duly authorized.
  
       Dated as of April 3, 2000
  
                                VIRATA CORPORATION
  
                                By: /s/ Andrew M. Vought
                                    --------------------
                                    Andrew Vought
                                    Chief Financial Officer
  
                                         3
  EXHIBIT INDEX
  
                                                                   Sequentially
                                                                     Numbered
  Exhibit No.   Description                                            Page
  -----------   ------------------------------------------------   ------------
  2.1           Purchase Agreement dated as of March 21, 2000
                among Registrant and the Inverness Shareholders.
  
  99.1          Press Release issued March 22, 2000.
  
                                         4