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):    December 21, 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.
  -------      ------------
  
           Third Quarter Revenues
  
           On December 21, 2000, the Registrant announced new guidance with
  respect to its revenues for the fiscal 2001 third quarter ending December 31,
  2000 and for the fiscal 2001 fourth quarter ending April 1, 2001. Attached
  hereto as Exhibit 99.1 and incorporated by reference herein is the
  corresponding press release issued December 21, 2000. Also attached hereto as
  Exhibit 99.2 and incorporated by reference herein is the anticipated script of
  a presentation to be given by management during a conference call with
  analysts on December 21, 2000.
  
  Item 7.    Financial Statements, Pro Forma and Exhibits.
  -------    ---------------------------------------------
  
  (a)      Financial Statements of Business Acquired.
  
           Not applicable.
  
  (b)      Pro Forma Financial Information.
  
           Not applicable.
  
  (c)      Exhibits.
  
           Exhibit No.      Description
           ----------       -----------
  
           99.1             Press Release issued December 21, 2000.
  
           99.2             Anticipated script of presentation to be given by
                            management during the December 21, 2000 conference
                            call with analysts.
  <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 December 21, 2000
  
                                VIRATA CORPORATION
  
                                By:   /s/ Andrew M. Vought
                                   -----------------------
                                   Andrew M. Vought
                                   Chief Financial Officer
  <PAGE>
  
                                   EXHIBIT INDEX
  
  
       Exhibit No.    Description
       -----------    --------------------------------------------------
  
       99.1           Press Release issued December 21, 2000.
  
       99.2           Anticipated script of presentation to be given by
                      management during the December 21, 2000 conference
                      call with analysts.
       -----------------------------------------------------------------
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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):    December 21, 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.
  -------      ------------
  
           Third Quarter Revenues
  
           On December 21, 2000, the Registrant announced new guidance with
  respect to its revenues for the fiscal 2001 third quarter ending December 31,
  2000 and for the fiscal 2001 fourth quarter ending April 1, 2001. Attached
  hereto as Exhibit 99.1 and incorporated by reference herein is the
  corresponding press release issued December 21, 2000. Also attached hereto as
  Exhibit 99.2 and incorporated by reference herein is the anticipated script of
  a presentation to be given by management during a conference call with
  analysts on December 21, 2000.
  
  Item 7.    Financial Statements, Pro Forma and Exhibits.
  -------    ---------------------------------------------
  
  (a)      Financial Statements of Business Acquired.
  
           Not applicable.
  
  (b)      Pro Forma Financial Information.
  
           Not applicable.
  
  (c)      Exhibits.
  
           Exhibit No.      Description
           ----------       -----------
  
           99.1             Press Release issued December 21, 2000.
  
           99.2             Anticipated script of presentation to be given by
                            management during the December 21, 2000 conference
                            call with analysts.
  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 December 21, 2000
  
                                VIRATA CORPORATION
  
                                By:   /s/ Andrew M. Vought
                                   -----------------------
                                   Andrew M. Vought
                                   Chief Financial Officer
  EXHIBIT INDEX
  
       Exhibit No.    Description
       -----------    --------------------------------------------------
  
       99.1           Press Release issued December 21, 2000.
  
       99.2           Anticipated script of presentation to be given by
                      management during the December 21, 2000 conference
                      call with analysts.
       -----------------------------------------------------------------