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) July 26, 1999
                                                 -------------


                                  P-COM, INC.
                                  -----------
              (Exact name of registrant as specified in charter)

          Delaware                   0-25356                       77-0289371
- --------------------------------------------------------------------------------
(State or other jurisdiction       (Commission                   (IRS Employer
     of incorporation)             File Number)              Identification No.)

3175 S. Winchester Boulevard, Campbell, California                     95008
- --------------------------------------------------------------------------------
(Address of principal executive offices)                             (Zip Code)

Registrant's telephone number, including area code (408) 866-3666
                                                   --------------

                                     None
                                     ----
        (Former name or former address, if changed since last report.)


Item 5.   Other Events.
          ------------

          In a press release disseminated on July 26, 1999, the Registrant
issued a press release announcing the delay of its earnings release and
conference call originally scheduled for July 26, 1999. A copy of the press
release is attached hereto and incorporated herein by reference.

          Statements in this report that are forward looking involve known and
unknown risks and uncertainties, which may cause the Registrant's actual results
in future periods to be materially different from any future performance that
may be suggested in this release. Such factors may include, but are not limited
to, reliance upon subcontractors, fluctuations in customer demand and
commitments, both in timing and volume, introduction of new products, commercial
acceptance and viability of new products and expenses associated therewith,
cancellations of orders without penalties, pricing and competition, the
Registrant's ability to have available an appropriate amount of production
capacity in a timely manner, the ability of the Registrant's customers to
finance their purchases of the Registrant's products and/or services, the timing
of new technology and product introductions, the risk of early obsolescence
and the pending stockholder class action lawsuits. Further, the Registrant
operates in an industry sector where securities values are highly volatile and
may be influenced by economic and other factors beyond the Registrant's
control, such as announcements by competitors and service providers. Reference
is made to the discussion of risk factors detailed in the Company's filings
with the Securities and Exchange Commission, including its reports on
Form 10-K and 10-Q.

Item 7.   Financial Statement and Exhibits.
          --------------------------------

          A copy of the Registrant's press release announcing the delay of its
earnings release and conference call originally scheduled for July 26, 1999 is
attached hereto as an exhibit.


                                  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.


                                   P-COM, INC.


DATE: July 26, 1999           By: /s/ Robert E. Collins
                                 ------------------------------
                                 Name:  Robert E. Collins
                                 Title: Chief Financial Officer


                                 EXHIBIT INDEX

Exhibit
- -------

99.1      Press Release disseminated July 26, 1999

EX-99.1

                   [LETTERHEAD OF P-COM, INC. APPEARS HERE]

                                                                    Exhibit 99.1


     Business Editors/High-Tech Writers

     CAMPBELL, Calif.--(BUSINESS WIRE) --July 26, 1999--P-Com, Inc.
(Nasdaq:PCMS) announced today that it has not yet completed the process of
reviewing its financial statements for the second quarter of 1999 and is
delaying its earnings release and conference call originally scheduled for July
26, 1999.

     The conference call will be rescheduled for a later date.

     P-Com Inc. develops, manufactures, and markets network access systems for
the worldwide wireless telecommunications markets. The point-to-point, spread
spectrum, and point-to-multipoint radio links provided by P-Com are designed to
satisfy the network requirements of cellular and personal communications
services, corporate communications, public utilities and local governments. In
addition, P-Com provides comprehensive network services including system
planning, program planning and management, path design, and installation.

     Statements in this release that are forward looking involve known and
unknown risks and uncertainties, which may cause the Company's actual results in
future periods to be materially different from any future performance that may
be suggested in this release. Such factors may include, but are not limited to,
reliance upon subcontractors, fluctuations in customer demand and commitments,
both in timing and volume, introduction of new products, commercial acceptance
and viability of new products and expenses associated therewith, cancellations
of orders without penalties, pricing and competition, the company's ability to
have available an appropriate amount of production capacity in a timely manner,
the ability of the company's customers to finance their purchases of the
company's products and/or services, the timing of new technology and product
introductions, the risk of early obsolescence, and the pending stockholder class
action lawsuits. Further, the company operates in an industry sector where
securities values are highly volatile and may be influenced by economic and
other factors beyond the company's control, such as announcements by competitors
and service providers. Reference is made to the discussion of risk factors
detailed in the company's filings with the Securities and Exchange Commission,
including its reports on Form 10-K and 10-Q.

     P-Com Inc., with world headquarters in Campbell, California, USA and
offices in Florida, New Jersey, Virginia, the UK, Italy, France, Germany,
Poland, Mexico, Dubai and China, is an ISO 9001 certified company. For
additional information, contact P-Com at:

3175 S. Winchester Boulevard
Campbell, Calif. 95008, USA.
Tel: 408/866-3666
Fax: 408/866-3655
www.p-com.com

     --30--


     CONTACT: P-Com Inc.
              Bob Collins, 408/866-3666 (VP & CFO)