P-Com Reports Fourth Consecutive Quarter of Sequential Revenue Growth

P-Com Reports Fourth Consecutive Quarter of Sequential Revenue
Growth 


CAMPBELL, Calif., April 19  /PRNewswire-FirstCall/ -- P-Com, Inc.  (BULLETIN
BOARD: PCOM) , a worldwide provider of wireless telecom products and services,
today reported that revenue for the first quarter of 2004 increased to $6.8
million.

P-Com's revenue in the first quarter rose by 32.3 percent compared to revenue
of $4.6 million in the first quarter of 2003, and 16.1 percent compared to
revenue of $5.7 million in the fourth quarter of 2003.  "These results
represent our fourth quarter of sequential revenue growth, and clearly
demonstrate that we're on track to accomplish our operating objectives in
2004," said Sam Smookler, President and CEO of P-Com.

P-Com will report its full financial results for the first quarter of 2004 on a
conference call scheduled for Thursday, April 29, 2004 at 2:00 p.m. Pacific,
5:00 p.m. Eastern. To listen to the conference call by phone, dial 877-356-7051
for U.S. calls or 706-643-7695 for international calls. The reference
conference ID is 6908936.  To listen to a live broadcast over the Internet, go
to http://www.p-com.com/ and click on the Investor Relations page. A replay of
the conference call will be available for 90 days at http://www.p-com.com/.

A press release outlining P-Com's financial results for first quarter of 2004
will be distributed on Thursday, April 29, 2004.

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 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 need to
raise additional equity 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; the continued
intense competition from leading telecommunications equipment and technology
suppliers resulting in lower average selling prices; fluctuations in customer
demand; 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                                 Daniel W. Rumsey, General
   415-239-7826                                 Counsel and Interim CFO
                     408-866-3666
                                                

DATASOURCE: P-Com, Inc.



CONTACT:  investors, Daniel W. Rumsey, General Counsel and Interim CFO of

P-Com, [phone], or ; or media, Greg Berardi,

[phone], or , for P-Com



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

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