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):  June 18, 1998
                                       
                                       
                             Hybrid Networks, Inc.
            (Exact name of registrant as specified in this charter)
                                       
                                       
                                   Delaware
                (State or Other Jurisdiction of Incorporation)


             0-23289                              77-02520931
     (Commission File Number)        (I.R.S. Employer Identification Number)
                                       
                                       
                  6409 Guadalupe Mines Road, San Jose, CA  95120
            (Address of principal executive offices)    (Zip Code)
                                       
                                       
                                (408) 323-6250
             (Registrant's Telephone Number, Including Area Code)

                                      


ITEM 5.   OTHER EVENTS
          
          The following press release was issued on June 18, 1998:

COOPERS & LYBRAND NOTIFIES HYBRID NETWORKS THAT AUDITED 
FINANCIAL STATEMENTS SHOULD NO LONGER BE RELIED UPON

Thursday, June 18, 1998

          SAN JOSE, CALIFORNIA - Hybrid Networks, Inc. (NASDAQ:HYBR), today 
announced that Coopers & Lybrand, the Company's independent accountants, have 
notified the Company that its reports with respect to the financial 
statements of the Company as of December 31, 1997 and for the year then 
ended, and as of September 30, 1997 and for the nine months then ended, 
should no longer be relied upon and that Coopers & Lybrand's consent included 
with the Company's Registration Statement on Form S-4 filed with the 
Securities and Exchange Commission on May 7, 1998 in connection with the 
pending acquisition by the Company of Pacific Monolithics, Inc., was being 
withdrawn.

          The previously announced review of the Company's financial 
statements is continuing.  Consequently, until the review is finished, the 
Company is not in a position to indicate whether the previously announced 
results for prior periods would be changed.  Further the Company is not able 
to indicate what impact the continuing review of the Company's financial 
statements and the withdrawal of Coopers & Lybrand's consent may have on the 
pending merger of the Company and Pacific Monolithics, Inc.

          HYBRID NETWORKS, INC., BASED IN SAN JOSE, CA, IS A BROADBAND ACCESS 
EQUIPMENT COMPANY THAT DESIGNS, DEVELOPS, MANUFACTURES AND MARKETS CABLE AND 
WIRELESS SYSTEMS THAT PROVIDE HIGH SPEED ACCESS TO THE INTERNET AND CORPORATE 
INTRANETS FOR BOTH BUSINESSES AND CONSUMERS.  HYBRID'S CUSTOMERS INCLUDE 
CABLE OPERATORS, BROADBAND WIRELESS SYSTEM OPERATORS, INTERNET SERVICE 
PROVIDERS, RESELLERS AND OTHER BUSINESSES.

          CERTAIN STATEMENTS MADE IN THIS PRESS RELEASE WITH RESPECT TO THE 
COMPANY ARE FORWARD LOOKING STATEMENTS AND INVOLVE UNCERTAINTIES AND RISKS.  
THE RESULTS OF THE COMPANY'S ACTUAL PERFORMANCE COULD DIFFER MATERIALLY FROM 
SUCH FORWARD LOOKING STATEMENTS.

FOR MORE INFORMATION SEE THE HYBRID NETWORKS WEB SITE AT HTTP://WWW.HYBRID.COM
OR CALL INVESTOR RELATIONS AT (408) 323-6295.


                                      2

                                       
                                  SIGNATURES
     
     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this amendment to report to be signed on its behalf
by the undersigned, thereunto duly authorized.
     
     
     
     

Dated:  June 19, 1998              Hybrid Networks, Inc.


                                   
                                   By: /s/ Carl S. Ledbetter
                                      ______________________________
                                      Carl S. Ledbetter
                                      Chairman, President and
                                      Chief Executive Officer

                                   

                                      3