P-Com Demands Immediate Delisting From Berlin Stock Exchange

P-Com Demands Immediate Delisting From Berlin Stock Exchange



CAMPBELL, Calif., June 18  /PRNewswire-FirstCall/ -- P-Com, Inc. (OTC:PCOM)
(BULLETIN BOARD: PCOM) , a worldwide provider of wireless telecom products and
services, today announced that it has taken immediate steps to de-list its
common stock from trading on the Berlin Stock Exchange. The Company's shares
were listed on the Berlin Stock Exchange without the Company's prior knowledge,
consent or authorization.

"P-Com acted immediately upon learning that its shares were listed for trading
on the Berlin Stock Exchange," said Dan Rumsey, Acting Chief Financial Officer
and General Counsel.  "We believe this practice could have had a negative
impact on our share price, and we believe that delisting from the Berlin Stock
Exchange will protect our shareholders from any impact caused by naked short
selling, which could occur as a result of the unauthorized listing of our
shares on the Berlin Stock Exchange."

The listing appears to be part of an effort by domestic and foreign brokers to
circumvent the recent restrictions by the National Association of Securities
Dealers (NASD) and Securities Exchange Commission (SEC) against naked short
selling.  Naked short selling occurs when traders borrow stock and sell it with
the hope that the stock price will decline before they have to return the
shares to cover their position.  Naked short selling involves groups of people
actively working together to drive down a company's share price.  More than 200
U.S. publicly traded companies are estimated to have been targeted by brokers
to circumvent NASD and SEC restrictions against naked short selling.

About P-Com, Inc.

P-Com, Inc. develops, manufactures, and markets point-to-point, spread spectrum
and point-to-multipoint, wireless access systems to the worldwide
telecommunications market. P-Com broadband wireless access systems are designed
to satisfy the high-speed, integrated network requirements of Internet access
associated with Business to Business and E-Commerce business processes.
Cellular and personal communications service (PCS) providers utilize P-Com
point-to-point systems to provide backhaul between base stations and mobile
switching centers. Government, utility, and business entities use P-Com systems
in public and private network applications. For more information visit
http://www.p-com.com/ or call 408-866-3660.

Safe Harbor Statement

Statements in this release that are forward looking involve known and unknown
risks and uncertainties, which may cause P-Com's actual results in future
periods to be materially different from any future performance that may be
suggested in this news release.  Such factors may include, but are not limited
to: the ability to achieve positive cash flow given the Company's existing and
anticipated operating and other costs, and current sales trends; the Company's
deteriorating cash position and its need to raise additional capital, and
whether that capital is available on acceptable terms, if at all; the Company's
ability to negotiate repayment terms with many of its creditors, and settle
outstanding litigation; a continued severe worldwide slowdown in the
telecommunications equipment and services sector; fluctuations in customer
demand, pricing and competition; reliance upon subcontractors; the ability of
P-Com's customers to finance their purchases; the timing of new technology and
product introductions; and the risk of early obsolescence.  Many of these risks
and uncertainties are beyond P-Com's control.  Reference is made to the
discussion of risk factors detailed in P-Com's filings with the Securities and
Exchange Commission, including its reports on Form 10-K and 10-Q.

   Media Contact:                Investor Contact:
   Greg Berardi                  Dan Rumsey, General Counsel and Acting CFO
   415-239-7826                  408-866-3666
      

DATASOURCE: P-Com, Inc.



CONTACT:  media, Greg Berardi, [phone], or

, for P-Com, Inc.; or investors, Dan Rumsey,

General Counsel and Acting CFO of P-Com, Inc., [phone], or





Web site:  http://www.p-com.com/ 

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