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):    July 24, 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.
  -------  ------------
  
       Acquisition of Agranat Systems, Inc.
  
       On July 25, 2000, Virata Corporation, a Delaware corporation (the
  "Registrant"), announced that it had entered into an Agreement and Plan of
  Merger (the "Merger Agreement"), under which the Registrant will acquire Agranat
  Systems, Inc., a Massachusetts corporation ("Agranat"), in a stock-for-stock
  transaction, with an aggregate purchase price of approximately $27 million.  The
  transaction will be accounted for under the purchase method of accounting.  A
  copy of the Merger Agreement is attached hereto as Exhibit 2.1.
  
       The Merger Agreement sets forth the terms and conditions of the merger of a
  wholly owned subsidiary of Registrant with and into Agranat.  Upon consummation
  of the proposed acquisition, Agranat shall become a wholly owned subsidiary of
  Registrant.  Upon the closing of the transaction, each holder of Agranat capital
  stock will receive approximately 0.178 shares of the Registrant's common stock
  in exchange for each share held and each holder of Agranat warrants will receive
  0.176 shares of the Registrant's common stock in exchange for each warrant held.
  Registrant will issue approximately 492,000 shares of its common stock for all
  of Agranat's issued and outstanding shares of capital stock and options and
  warrants to purchase shares of Agranat capital stock.  Ten percent of the shares
  of the Registrant common stock to be issued pursuant to the acquisition will be
  placed in an escrow.  In addition, affiliates of Agranat holding more than 50%
  of Agranat's capital stock have agreed to vote in favor of the merger.
  
       Consummation of the merger is subject to a number of customary conditions,
  including the approval of the merger by the shareholders of Agranat.  The merger
  is expected to close in the third quarter of calendar 2000.  A copy of the press
  release announcing this transaction is included herein as Exhibit 99.1 and is
  incorporated by reference into this Item 5.
  <PAGE>
  
  Item 7.    Financial Statements, Pro Forma and Exhibits.
             ---------------------------------------------
  
  (c)  Exhibits
  
       Exhibit No.     Description
       -----------     -----------
       2.1             Agreement and Plan of Merger dated as of July 24, 2000
                       among Virata Corporation, Agranat Systems, Inc., Agranat
                       Acquisition, Inc. and Owen Robbins, as Securityholder
                       Agent.
  
       99.1            Press Release issued July 25, 2000.
  <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 August 3, 2000
  
  
                                         VIRATA CORPORATION
  
                                         By:     /s/ Andrew M. Vought
                                            -------------------------------
                                            Andrew M. Vought
                                            Chief Financial Officer
  <PAGE>
  
                                   EXHIBIT INDEX
  
  Exhibit No.         Description
  -----------         ------------------------------------------------------------
  2.1                 Agreement and Plan of Merger dated as of July 24, 2000 among
                      Virata Corporation, Agranat Systems, Inc., Agranat
                      Acquisition, Inc. and Owen Robbins, as Securityholder Agent.
  
  99.1                Press Release issued July 25, 2000.
  --------------------------------------------------------------------------------
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "0001.txt", "description": "PRESS RELEASE DATED 7/24/2000", "secsgml_size_bytes": 4914}]
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": "686430"}, "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):    July 24, 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.
  -------  ------------
  
       Acquisition of Agranat Systems, Inc.
  
       On July 25, 2000, Virata Corporation, a Delaware corporation (the
  "Registrant"), announced that it had entered into an Agreement and Plan of
  Merger (the "Merger Agreement"), under which the Registrant will acquire Agranat
  Systems, Inc., a Massachusetts corporation ("Agranat"), in a stock-for-stock
  transaction, with an aggregate purchase price of approximately $27 million.  The
  transaction will be accounted for under the purchase method of accounting.  A
  copy of the Merger Agreement is attached hereto as Exhibit 2.1.
  
       The Merger Agreement sets forth the terms and conditions of the merger of a
  wholly owned subsidiary of Registrant with and into Agranat.  Upon consummation
  of the proposed acquisition, Agranat shall become a wholly owned subsidiary of
  Registrant.  Upon the closing of the transaction, each holder of Agranat capital
  stock will receive approximately 0.178 shares of the Registrant's common stock
  in exchange for each share held and each holder of Agranat warrants will receive
  0.176 shares of the Registrant's common stock in exchange for each warrant held.
  Registrant will issue approximately 492,000 shares of its common stock for all
  of Agranat's issued and outstanding shares of capital stock and options and
  warrants to purchase shares of Agranat capital stock.  Ten percent of the shares
  of the Registrant common stock to be issued pursuant to the acquisition will be
  placed in an escrow.  In addition, affiliates of Agranat holding more than 50%
  of Agranat's capital stock have agreed to vote in favor of the merger.
  
       Consummation of the merger is subject to a number of customary conditions,
  including the approval of the merger by the shareholders of Agranat.  The merger
  is expected to close in the third quarter of calendar 2000.  A copy of the press
  release announcing this transaction 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             Agreement and Plan of Merger dated as of July 24, 2000
                       among Virata Corporation, Agranat Systems, Inc., Agranat
                       Acquisition, Inc. and Owen Robbins, as Securityholder
                       Agent.
  
       99.1            Press Release issued July 25, 2000.
  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 August 3, 2000
  
                                         VIRATA CORPORATION
  
                                         By:     /s/ Andrew M. Vought
                                            -------------------------------
                                            Andrew M. Vought
                                            Chief Financial Officer
  EXHIBIT INDEX
  
  Exhibit No.         Description
  -----------         ------------------------------------------------------------
  2.1                 Agreement and Plan of Merger dated as of July 24, 2000 among
                      Virata Corporation, Agranat Systems, Inc., Agranat
                      Acquisition, Inc. and Owen Robbins, as Securityholder Agent.
  
  99.1                Press Release issued July 25, 2000.
  --------------------------------------------------------------------------------