content: <PAGE>
  
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                        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):  April 27, 2000
  
                                VIRATA CORPORATION
  
              (Exact Name Of Registrant As Specified In Its Charter)
  
  
  <TABLE>
  <CAPTION>
                 DELAWARE                                      000-28157                              77-0521696
  <S>                                                   <C>                                 <C>
        (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 2.  Acquisition or Disposition of Assets.
  ------   ------------------------------------
  
         On April 27, 2000, Virata Corporation, a Delaware corporation (the
  "Registrant"), acquired Inverness Systems Ltd., an Israeli corporation
  ("Inverness Systems"), in exchange for approximately 1 million shares of
  Registrant's common stock (the "Acquisition"). Holders of Inverness Systems
  common stock and preferred stock will receive shares of the Registrant's common
  stock based on an exchange ratio of approximately 0.77 Registrant shares in
  exchange for each of their shares of Inverness Systems. In addition, the
  Registrant assumed all of the outstanding Inverness Systems stock options, which
  will entitle the holders thereof to purchase up to approximately 260,000 shares
  of Registrant's common stock. The Acquisition was effected by means of a stock
  purchase. As a result of the Acquisition, Inverness Systems has become a wholly-
  owned subsidiary of the Registrant. The consideration paid by the Registrant for
  Inverness Systems' outstanding capital stock and options was negotiated at arm's
  length between the parties on the basis of the Registrant's assessment of the
  value of Inverness Systems and its capital stock, following an investigation of,
  and discussions with Inverness Systems and its representatives concerning
  Inverness Systems, its business, and prospects. Certain of Inverness Systems'
  officers, including Jonathan Masel, President of Inverness Systems, have entered
  into employment and related agreements with the Registrant or its affiliates. To
  the Registrant's knowledge, there is no other material relationship between any
  of the former stockholders of Inverness Systems and the Registrant or any of its
  affiliates, any director or officer of the Registrant, or any associate of any
  such director or officer. A copy of a press release announcing the completion of
  the Acquisition is included herein as Exhibit 99.1 and is incorporated by
  reference into this Item 2.
  
  Item 7.  Financial Statements, Pro Forma and Exhibits.
  -------  --------------------------------------------
  
  (a)  Financial Statements of Businesses Acquired.
  
       The required financial statements are not currently available.  Pursuant to
  paragraph (a)(4) of Item 7, the required  historical financial information will
  be filed or incorporated by reference as soon as practicable, but in no event
  later than July 11, 2000.
  
  (b)  Pro Forma Financial Information.
  
       The required pro forma financial information is not currently available.
  Pursuant to paragraph (b)(2) of Item 7, the required the pro forma financial
  information will be filed as soon as practicable, but in no event later than
  July 11, 2000.
  
  (c)  Exhibits
  
       Exhibit No.       Description
       -----------       -----------
       99.1              Press Release, dated May 4, 2000, announcing the
                         completion of the acquisition.
  
                                         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 May 5, 2000
  
                                         VIRATA CORPORATION
  
                                         By:     /s/ Andrew M. Vought
                                            -------------------------------------
                                            Andrew M. Vought
                                            Chief Financial Officer and Secretary
  
                                         3
  <PAGE>
  
                                   EXHIBIT INDEX
  
  
  <TABLE>
  <CAPTION>
                                                                                     Sequentially
                                                                                       Numbered
  Exhibit No.            Description                                                     Page
  -------------          ---------------------------------------------------        ---------------
  <S>                    <C>                                                         <C>
  99.1                   Press Release, dated May 4, 2000, announcing the
                         completion of the acquisition.
  </TABLE>
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 5642}]
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": "620514"}, "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):  April 27, 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 2.  Acquisition or Disposition of Assets.
  ------   ------------------------------------
  
         On April 27, 2000, Virata Corporation, a Delaware corporation (the
  "Registrant"), acquired Inverness Systems Ltd., an Israeli corporation
  ("Inverness Systems"), in exchange for approximately 1 million shares of
  Registrant's common stock (the "Acquisition"). Holders of Inverness Systems
  common stock and preferred stock will receive shares of the Registrant's common
  stock based on an exchange ratio of approximately 0.77 Registrant shares in
  exchange for each of their shares of Inverness Systems. In addition, the
  Registrant assumed all of the outstanding Inverness Systems stock options, which
  will entitle the holders thereof to purchase up to approximately 260,000 shares
  of Registrant's common stock. The Acquisition was effected by means of a stock
  purchase. As a result of the Acquisition, Inverness Systems has become a wholly-
  owned subsidiary of the Registrant. The consideration paid by the Registrant for
  Inverness Systems' outstanding capital stock and options was negotiated at arm's
  length between the parties on the basis of the Registrant's assessment of the
  value of Inverness Systems and its capital stock, following an investigation of,
  and discussions with Inverness Systems and its representatives concerning
  Inverness Systems, its business, and prospects. Certain of Inverness Systems'
  officers, including Jonathan Masel, President of Inverness Systems, have entered
  into employment and related agreements with the Registrant or its affiliates. To
  the Registrant's knowledge, there is no other material relationship between any
  of the former stockholders of Inverness Systems and the Registrant or any of its
  affiliates, any director or officer of the Registrant, or any associate of any
  such director or officer. A copy of a press release announcing the completion of
  the Acquisition is included herein as Exhibit 99.1 and is incorporated by
  reference into this Item 2.
  
  Item 7.  Financial Statements, Pro Forma and Exhibits.
  -------  --------------------------------------------
  
  (a)  Financial Statements of Businesses Acquired.
  
       The required financial statements are not currently available.  Pursuant to
  paragraph (a)(4) of Item 7, the required  historical financial information will
  be filed or incorporated by reference as soon as practicable, but in no event
  later than July 11, 2000.
  
  (b)  Pro Forma Financial Information.
  
       The required pro forma financial information is not currently available.
  Pursuant to paragraph (b)(2) of Item 7, the required the pro forma financial
  information will be filed as soon as practicable, but in no event later than
  July 11, 2000.
  
  (c)  Exhibits
  
       Exhibit No.       Description
       -----------       -----------
       99.1              Press Release, dated May 4, 2000, announcing the
                         completion of the acquisition.
  
                                         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 May 5, 2000
  
                                         VIRATA CORPORATION
  
                                         By:     /s/ Andrew M. Vought
                                            -------------------------------------
                                            Andrew M. Vought
                                            Chief Financial Officer and Secretary
  
                                         3
  EXHIBIT INDEX
  Sequentially
                                                                                       Numbered
  Exhibit No.            Description                                                     Page
  -------------          ---------------------------------------------------        ---------------
  99.1                   Press Release, dated May 4, 2000, announcing the
                         completion of the acquisition.