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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2 )*
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Zoran Corporation
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(Name of Issuer)
Common Stock, $0.001 par value
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(Title of Class of Securities)
98975F 10 1
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(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 1; 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 disclosure provided in a prior cover page.
The information required on 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).
Page 1 of 5 pages
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CUSIP No. 98975F 10 1 13G Page 2 of 5 Pages
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(1) NAME OF REPORTING PERSON The Israel Corporation Ltd.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP* (b) / /
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
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NUMBER OF SHARES (5) SOLE VOTING POWER
BENEFICIALLY 1,075,439
OWNED BY --------------------------------------------------
EACH REPORTING (6) SHARED VOTING POWER
PERSON WITH -0-
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(7) SOLE DISPOSITIVE POWER
1,075,439
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(8) SHARED DISPOSITIVE POWER
-0-
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,075,439
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/ /
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.97%
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(12) TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
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ITEM 1(a) NAME OF ISSUER:
Zoran Corporation
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3112 Scott Blvd.
Santa Clara, CA 95054
ITEM 2(a) NAME OF PERSON FILING:
The Israel Corporation Ltd.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR IF NONE, RESIDENCE:
4 Weizman St.
Asia House
P. O. Box 33706
Tel Aviv 61336 ISRAEL
ITEM 2(c) CITIZENSHIP:
Israel
ITEM 2(d) TITLE OF CLASS SECURITIES
Common Stock, $0.001 par value
ITEM 2(e) CUSIP NUMBER:
98975F 10 1
ITEM 3 TYPE OF PERSON:
Not Applicable
ITEM 4 OWNERSHIP (AT DECEMBER 31, 1997):
(a) Amount Beneficially Owned:
1,075,439
(b) Percent of Class:
10.97% (based on 9,800,679 shares outstanding at
December 31, 1997)
Page 3 of 5 pages
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(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,075,439
(ii) shared power to vote or to direct the vote:
-0-
(iii) sole power to dispose or to direct the disposition of:
1,075,439
(iv) shared power to dispose or to direct the disposition
of:
-0-
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following: / /
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not Applicable
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not Applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
ITEM 10 CERTIFICATION:
Not Applicable
Page 4 of 5 pages
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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.
Date: February __, 1998
THE ISRAEL CORPORATION LTD.
By:
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Doron Steiger
Title: President and CEO
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Page 5 of 5 pages
