8-K

                       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): NOVEMBER 7, 1997


                             STREAMLOGIC CORPORATION
             (Exact name of registrant as specified in its charter)




             DELAWARE                                      95-3093858
  (State or other jurisdiction of                       (I.R.S. employer
  incorporation or organization)                     identification number)


                         COMMISSION FILE NUMBER: 0-12046


                             7015 GATEWAY BOULEVARD
                            NEWARK, CALIFORNIA 94560
              (Address of principal executive offices and zip code)


               REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:
                                 (510) 608-4000


ITEM 5.  OTHER EVENTS.

         See attached Press Release dated November 7, 1997.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.


                                    EXHIBITS

99.1     Press Release dated November 7, 1997.


                                   SIGNATURES

                  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.

                                           STREAMLOGIC CORPORATION
                                           (Registrant)



Date:  November 11, 1997                   By     Michael O. Preletz
                                                  -------------------
                                                  Chief Executive Officer


                                  EXHIBIT INDEX

 
99.1     Press Release dated November 7, 1997.

EX-99

                                  EXHIBIT 99.1

                      Press Release dated November 7, 1997.


                               ** PRESS RELEASE **

                         COMPANY CONTACT -- MARK KOZIOL
                                 (510) 608-4000


          STREAMLOGIC CREDITORS' COMMITTEE APPROVES REORGANIZATION PLAN
 
NEWARK, CA. NOVEMBER 7, 1997 --  StreamLogic Corporation (the
"Company"), which has been operating under Chapter 11 protection
since June 26, 1997, today announced that it has signed an
agreement with its creditors' committee regarding the principal
terms of the Company's plan of reorganization.  The plan, which is
subject to confirmation by the Bankruptcy Court, will bring new
capital to the Company, and the Company will issue a portion of its
new shares on behalf of creditors and others in exchange for a
release of claims.  The plan also provides for the distribution of
proceeds from the sale of noncore assets.

Under the contemplated plan, all existing shares of the Company's
stock will be canceled and new shares will be issued.  Canceled
shares will be replaced with distribution rights, subordinate to
those of creditors, consistent with the priority scheme set forth
in the Bankruptcy Code.  As a result, the Company believes it is
unlikely that current shareholders will receive any distributions
based upon such rights.

The reorganization plan is centered around the Company's Hammer
Storage Solutions operating group.  Hammer Storage Solutions develops and 
markets the award-winning Hammer(R) line of disk arrays
for digital video, multimedia and graphics applications for the
Macintosh, Windows NT and Silicon Graphics platforms.

"The approval of the principal terms of the reorganization plan by
the creditors' committee is a major step forward in our
restructuring of the Company," said Michael O. Preletz,
StreamLogic's Chairman and leader of the Company's turnaround
management team.  Chapman Stranahan, President of the Company's
Hammer division added, "Creditors' committee approval provides a
strong vote of confidence in our plan and should send a positive
message to our customers."

Certain of the matters discussed in this press release constitute
forward-looking statements within the meaning of the securities
laws.  Actual results could differ materially from those projected
in such forward-looking statements as a result of a variety of
risks and uncertainties.  Among others, these risks and
uncertainties include whether the Company is able to obtain
Bankruptcy Court confirmation of the plan of reorganization;
whether, if confirmed, the plan is successfully implemented;
whether, if implemented, the plan will enable the Company to become
profitable and to achieve the timely development and acceptance of
its products; and the impact of competitive products and pricing.

HAMMER STORAGE SOLUTIONS, AN OPERATING DIVISION OF STREAMLOGIC
CORPORATION, IS HEADQUARTERED IN NEWARK, CALIFORNIA.  HAMMER SERVES 
THE DIGITAL MEDIA MARKETPLACE.  IT DEVELOPS AND MARKETS THE AWARD-
WINNING HAMMER(R) LINE OF DISK ARRAYS FOR DIGITAL VIDEO, MULTIMEDIA
AND GRAPHICS APPLICATIONS FOR THE MACINTOSH, WINDOWS NT AND SILICON
GRAPHICS PLATFORMS.  HAMMER PRODUCTS ARE MARKETED WORLDWIDE THROUGH
DISTRIBUTORS AND RESELLERS.