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):    January 24, 2001
  
                                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 January 24, 2001, the Registrant announced its revenues for its fiscal
  2001 third quarter ended December 31, 2000. Attached hereto as Exhibit 99.1 and
  incorporated by reference herein is the corresponding press release issued
  January 24, 2001. Also attached hereto as Exhibit 99.2 and incorporated by
  reference herein is a script of the presentation given by management during the
  earnings conference call on January 24, 2001.
  
  
  
  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 January 24, 2001.
  
       99.2           Script of presentation given by management during the
                      January 24, 2001 earnings conference call.
  <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 January 24, 2001
  
                                          VIRATA CORPORATION
  
  
                                          By:   /s/ Andrew M. Vought
                                             -----------------------
                                             Andrew M. Vought
                                             Chief Financial Officer
  <PAGE>
  
                                   EXHIBIT INDEX
  
  
  
  
  Exhibit No.    Description
  ----------     ------------------------------------------------------
  99.1           Press Release issued January 24, 2001.
  
  99.2           Script of presentation given by management during the
                 January 24, 2001 earnings conference call.
  ---------------------------------------------------------------------
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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):    January 24, 2001
  
                                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 January 24, 2001, the Registrant announced its revenues for its fiscal
  2001 third quarter ended December 31, 2000. Attached hereto as Exhibit 99.1 and
  incorporated by reference herein is the corresponding press release issued
  January 24, 2001. Also attached hereto as Exhibit 99.2 and incorporated by
  reference herein is a script of the presentation given by management during the
  earnings conference call on January 24, 2001.
  
  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 January 24, 2001.
  
       99.2           Script of presentation given by management during the
                      January 24, 2001 earnings conference call.
  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 January 24, 2001
  
                                          VIRATA CORPORATION
  
                                          By:   /s/ Andrew M. Vought
                                             -----------------------
                                             Andrew M. Vought
                                             Chief Financial Officer
  EXHIBIT INDEX
  
  Exhibit No.    Description
  ----------     ------------------------------------------------------
  99.1           Press Release issued January 24, 2001.
  
  99.2           Script of presentation given by management during the
                 January 24, 2001 earnings conference call.
  ---------------------------------------------------------------------