SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                               ------------------

                                    FORM 8-K

     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

         DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) JULY 31, 2003

                         COMMISSION FILE NUMBER 0-25356


                                   P-COM, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

                               DELAWARE 77-0289371
      (STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER IDENTIFICATION NO.)
                         INCORPORATION OR ORGANIZATION)

                          3175 S. WINCHESTER BOULEVARD
                               CAMPBELL, CA 95008
                                 (408) 866-3666

       (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA
               CODE, OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)


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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibits. The following materials are filed as exhibits to this Current
Report on Form 8-K:

     Exhibit 99.1 News Release of P-Com,  Inc. dated July 31, 2003 to report its
                  financial results for its second quarter ended June 30, 2003.

ITEM 12. DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

     On  July  31,  2003,  P-Com,  Inc.  publicly  disseminated  a news  release
announcing  its financial  results for the second quarter ended June 30, 2003. A
copy of the news release is attached  hereto as Exhibit 99.1 and is incorporated
herein in its entirety by reference.

     The information in this Form 8-K and the Exhibits attached hereto shall not
be deemed  "filed" for purposes of Section 18 of the Securities Act of 1934, nor
shall it be deemed  incorporated by reference in any filing under the Securities
Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly
set forth by specific reference in such filing.


                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities and
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

P-COM, INC.

                                        By:  /s/ George P. Roberts
                                           ------------------------------------
                                             George P. Roberts
                                             Chairman of the Board of Directors
                                             and Chief Executive Officer


Date: July 31, 2003






                                  EXHIBIT INDEX

 Exhibit          Description
------------------------------------------------------------------------------
Exhibit 99.1      News Release of P-Com,  Inc.  dated July 31, 2003 to report
                  its financial  results for its second  quarter ended June
                  30, 2003.