UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549
                                
                                
                          SCHEDULE 13G
                         (Rule 13d-102)
                                
                                
     INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
            UNDER THE SECURITIES EXCHANGE ACT OF 1934
                                
                                
                                
                                
                      Hybrid Networks, Inc.
                        (Name of Issuer)
                                
                                
                 Common Stock ($.001 par value)
                 (Title of Class of Securities)
                                
                                
                           44860K 10 2
                         (CUSIP Number)
                                
Check the following box if a fee is being paid with this statement
[  ] (A fee is not required only if the filing person:  (1) has  a
previous statement on file reporting beneficial ownership of  more
than five percent of the class of securities described in Item  I;
and  (2)  has  filed  no  amendment subsequent  thereto  reporting
beneficial ownership of five percent or less of such class.)  (See
Rule 13d-7).

*The  remainder  of  this cover page shall be  filled  out  for  a
reporting person's initial filing on this form with respect to the
subject  class  of  securities, and for any  subsequent  amendment
containing information which would alter the disclosures  provided
in a prior cover page.

The information required in the remainder of this cover page shall
not  be deemed to be "filed" for the purpose of Section 18 of  the
Securities  Exchange Act of 1934 ("Act") or otherwise  subject  to
the liabilities of that section of the Act but shall be subject to
all other provisions of the Act (however, see the Notes).



CUSIP No. 44860K 10 2         13G               Page 2 of 4 Pages

1.   NAME OF REPORTING PERSON:  INTEL CORPORATION
     S.S.  or  I.R.S.  IDENTIFICATION NO. OF ABOVE  PERSON:   94-
     1672743
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*      (a)[]
                                                            (b)[]
3.   SEC USE ONLY
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION:  DELAWARE
     
                5.   SOLE VOTING POWER
  NUMBER OF          1,207,020
    SHARES      6.   SHARED VOTING POWER
 BENEFICIALLY        0
OWNED BY EACH   7.   SOLE DISPOSITIVE POWER
  REPORTING          1,207,020
 PERSON WITH    8.   SHARED DISPOSITIVE POWER
                     0
9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
     PERSON:  1,207,020
10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)                
     EXCLUDES CERTAIN SHARES*                                  []
11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
     12.1%
12.  TYPE OF REPORTING PERSON
     CO

*SEE INSTRUCTIONS BEFORE FILLING OUT!



CUSIP No. 44860K 10 2         13G               Page 3 of 4 Pages

Item 1.  (a)   Name of Issuer:  Hybrid Networks, Inc.
         (b)   Address of Issuer's Principal Executive Offices:
               10161 Bubb Road
               Cupertino, California  95014-4167
               
Item 2.  (a)   Name of Person Filing:  Intel Corporation
         (b)   Address of Principal Business Office or, if None,
               Residence:
               2200 Mission College Blvd.
               Santa Clara, CA  95052
         (c)   Citizenship:  Delaware
         (d)   Title  of  Class  of  Securities:   Common  Stock
               ($.001 par value)
         (e)   CUSIP Number:  44860K 10 2
               
Item 3.  Inapplicable
               
Item 4.  Ownership
         (a)   Amount beneficially owned:  1,207,020
         (b)   Percent of class:  12.1%
         (c)   Number of shares as to which such person has:
               (i)    Sole  power  to vote or to direct  to  the
                      vote:  1,207,020
               (ii)   Shared  power  to vote or  to  direct  the
                      vote:  0
               (iii)  Sole  power  to dispose or to  direct  the
                      disposition of:  1,207,020
               (iv)   Shared  power to dispose or to direct  the
                      disposition of:  0
                      
Item 5.  Inapplicable
         
Item 6.  Inapplicable
         
Item 7.  Inapplicable
         
Item 8.  Inapplicable
         
Item 9.  Inapplicable
         
Item 10. Inapplicable




CUSIP No. 44860K 10 2         13G               Page 4 of 4 Pages


                             SIGNATURE
After  reasonable  inquiry and to the best  of  my  knowledge  and
belief, I certify that the information set forth in this statement
is true, complete and correct.

                                      February 9, 1998
                                            Date
                            
                                  /s/F. Thomas Dunlap, Jr.
                                          Signature
                                              
                                    F. Thomas Dunlap, Jr.
                             Vice President, General Counsel and
                                          Secretary
                                         Name/Title