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) OCTOBER 31, 2003
                               (OCTOBER 28, 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 5. OTHER EVENTS.

On October 28, 2003, P-Com issued a press release announcing the receipt of $1.3
million in orders from customers in China. The October 28, 2003 press release is
attached  hereto as Exhibit 99.1 and is  incorporated  herein in its entirety by
reference.

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 October 28, 2003 to report
                    the  receipt of $1.3  million in orders  from  customers  in
                    China.

     Exhibit 99.2   News Release of P-Com, Inc. dated October 30, 2003 to report
                    its financial  results for its third quarter ended September
                    30, 2003.

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

     On October 30,  2003,  P-Com,  Inc.  publicly  disseminated  a news release
announcing its financial results for the third quarter ended September 30, 2003.
A  copy  of  the  news  release  is  attached  hereto  as  Exhibit  99.2  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/ Sam Smookler
                                           -------------------------------------
                                           Sam Smookler
                                           President and Chief Executive Officer


Date: October 31, 2003





                                  EXHIBIT INDEX

Exhibit             Description
-------             -----------
Exhibit 99.1        News release of P-Com, Inc. dated October 28, 2003 to report
                    the  receipt of $1.3  million in orders  from  customers  in
                    China.

Exhibit 99.2        News Release of P-Com, Inc. dated October 30, 2003 to report
                    its financial  results for its third quarter ended September
                    30, 2003.