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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) SEPTEMBER 24, 1998
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P-COM, INC.
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(Exact name of registrant as specified in charter)
DELAWARE 0-25356 77-02893711
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3175 S. WINCHESTER BOULEVARD, CAMPBELL, CALIFORNIA 95008
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (408) 866-3666
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NOT APPLICABLE
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(Former name or former address, if changed since last report.)
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ITEM 5. Other Events
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In a press release disseminated on September 24, 1998, the
Registrant publicly announced that a complaint alleging violations
of California state securities laws was filed against the Registrant
on September 23, 1998. A copy of the press release is attached
hereto and incorporated herein by reference.
ITEM 7. Financial Statements and Exhibits
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A copy of the Registrant's press release announcing a complaint
alleging violations of California state securities laws was filed
against the Registrant on September 23, 1998 is attached hereto as an
exhibit.
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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.
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(Registrant)
Date: September 24, 1998 By: /s/ Michael J. Sophie
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Name: Michael J. Sophie
Title: Chief Financial Officer
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EXHIBIT INDEX
Exhibit
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99.1 Press Release disseminated September 24, 1998.
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EXHIBIT 99.1
[P-COM LETTERHEAD]
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FOR IMMEDIATE RELEASE
P-COM, INC. TO DEFEND
AGAINST CLASS ACTION LAWSUIT
Campbell, California (September 24, 1998):
P-Com, Inc. today announced that a class action lawsuit, alleging
violations of California state securities laws, was filed yesterday against the
Company and certain of its directors and officers in Santa Clara Superior Court.
The complaint, brought by Leonard Vernon and Gayle M. Wing, seeks
unspecified money damages. The Company stated that it believes the lawsuit is
without merit and intends to defend against it vigorously.
P-Com, Inc. develops, manufactures and markets network access systems
for the worldwide wireless telecommunications market. 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.
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, 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 and risk of early obsolescence.
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.
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P-Com, Inc., with world headquarters in Campbell, California, USA and
offices in Florida, New Jersey, Virginia, the UK, Italy, France, Germany,
Poland, Mexico, and China, is an ISO 9001 certified company. For additional
information, contact P-Com at: P-Com, Inc. - 3175 S. Winchester Boulevard -
Campbell, CA 95008 - USA
TEL: (408) 866-3666 - FAX: (408) 866-3655
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