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                              UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                                SCHEDULE 13G

                 Under the Securities Exchange Act of 1934
                          (Amendment No.       *)
                                         ------

                                   P-COM INC.
--------------------------------------------------------------------------------
                              (Name of Issuer)

                                  COMMON STOCK
--------------------------------------------------------------------------------
                       (Title of Class of Securities)

                                   693262107
                     ----------------------------------
                                (CUSIP Number)

                                 March 28, 2002
--------------------------------------------------------------------------------
               (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

     /X/ Rule 13d-1(b)

     / / Rule 13d-1(c)

     / / Rule 13d-1(d)

   *The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosure provided in a prior cover page.

   The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).

POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENT
VALID OMB CONTROL NUMBER.


                                       1


CUSIP No. 693262107
          ---------

-------------------------------------------------------------------------------
 (1) Name of Reporting Persons.
     I.R.S. Identification Nos. of above persons (entities only).

     Firsthand Capital Management, Inc.
     EIN: 77-0449623

-------------------------------------------------------------------------------
 (2) Check the Appropriate Box if a Member   (a)  / /
     of a Group (See Instructions)           (b)  / /
-------------------------------------------------------------------------------
 (3) SEC Use Only

-------------------------------------------------------------------------------
 (4) Citizenship or Place of Organization

     California

-------------------------------------------------------------------------------
 Number of Shares             (5) Sole Voting Power
 Beneficially                       7,051,500
 Owned by                    --------------------------------------------------
 Each Reporting               (6) Shared Voting Power
 Person With:                         0
                             --------------------------------------------------
                              (7) Sole Dispositive Power
                                    7,051,500
                             --------------------------------------------------
                              (8) Shared Dispositive Power
                                      0
-------------------------------------------------------------------------------
 (9) Aggregate Amount Beneficially Owned by Each Reporting Person

     7,051,500
-------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
     Instructions)        / /
-------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)

     8.3%

-------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions)

     IA, CO

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


                                       2


CUSIP No. 693262107
          ---------

-------------------------------------------------------------------------------
 (1) Name of Reporting Persons.

     Firsthand Funds on behalf of its series, as follows:

                 Technology Value Fund
                 Technology Leaders Fund
                 Technology Innovators Fund
                 The Communications Fund
                 The e-Commerce Fund
                 Global Technology Fund
                 Firsthand Aggressive Growth Fund
                 Firsthand Core Growth Fund

     I.R.S. Identification Nos. of above persons (entities only).

                 77-6100553
                 31-1576988
                 77-0484956
                 77-0522622
                 77-0522623
                 06-1588825
                 06-1635819
                 06-1628702

-------------------------------------------------------------------------------
 (2) Check the Appropriate Box if a Member   (a)  / /
     of a Group (See Instructions)           (b)  / /
-------------------------------------------------------------------------------
 (3) SEC Use Only

-------------------------------------------------------------------------------
 (4) Citizenship or Place of Organization

     Delaware
-------------------------------------------------------------------------------
 Number of Shares             (5) Sole Voting Power
 Beneficially                       7,051,500
 Owned by                    --------------------------------------------------
 Each Reporting               (6) Shared Voting Power
 Person With:                       0
                             --------------------------------------------------
                              (7) Sole Dispositive Power
                                    7,051,500
                             --------------------------------------------------
                              (8) Shared Dispositive Power
                                    0
-------------------------------------------------------------------------------
 (9) Aggregate Amount Beneficially Owned by Each Reporting Person

     7,051,500
-------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
     Instructions)        / /
-------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)

     8.3%
-------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions)

     IV
-------------------------------------------------------------------------------


                                       3


CUSIP No. 693262107
          ---------

-------------------------------------------------------------------------------
 (1) Name of Reporting Persons.

     I.R.S. Identification Nos. of above persons (entities only).

     Landis, Kevin Michael

-------------------------------------------------------------------------------
 (2) Check the Appropriate Box if a Member   (a)  / /
     of a Group (See Instructions)           (b)  / /
-------------------------------------------------------------------------------
 (3) SEC Use Only

-------------------------------------------------------------------------------
 (4) Citizenship or Place of Organization

     United States

-------------------------------------------------------------------------------
 Number of Shares             (5) Sole Voting Power
 Beneficially                       7,051,500
 Owned by                    --------------------------------------------------
 Each Reporting               (6) Shared Voting Power
 Person With:                       0
                             --------------------------------------------------
                              (7) Sole Dispositive Power
                                    7,051,500
                             --------------------------------------------------
                              (8) Shared Dispositive Power
                                    0
-------------------------------------------------------------------------------
 (9) Aggregate Amount Beneficially Owned by Each Reporting Person

     7,051,500

-------------------------------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
     Instructions)        / /
-------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)

     8.3%
-------------------------------------------------------------------------------
(12) Type of Reporting Person (See Instructions)

     HC (Control Person), IN
-------------------------------------------------------------------------------

                                       4


ITEM 1.

    (a)   Name of Issuer

          P-Com, Inc.
          ---------------------------------------------------------------------

    (b)   Address of Issuer's Principal Executive Offices

          3175 S. Winchester Blvd.
          Campbell, CA  95008
          ---------------------------------------------------------------------



ITEM 2.

    (a)   Name of Person Filing


          (i)    Firsthand Capital Management, Inc. ("FCM")
          (ii)   Firsthand Funds ("Firsthand")
          (iii)  Kevin Michael Landis ("Landis")

    (b)   Address of Principal Business office or, if None, Residence

          (i)  125 South Market, Suite 1200, San Jose, CA 95113

    (c)   Citizenship

          (i)   FCM: California
          (ii)  Firsthand: Delaware
          (iii) Landis: United States

    (d)   Title of Class of Securities

          Common stock

    (e)   CUSIP Number

          693262107


ITEM 3.  IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) OR
         240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

    (a) / / Broker or dealer registered under section 15 of the Act
            (15 U.S.C. 78o).

    (b) / / Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

    (c) / / Insurance company as defined in section 3(a)(19) of the Act
            (15 U.S.C. 78c).

    (d) /X/ Investment company registered under section 8 of the Investment
            Company Act of 1940 (15 U.S.C. 80a-8).

    (e) /X/ An investment adviser in accordance with section
            240.13d-1(b)(1)(ii)(E).

    (f) / / An employee benefit plan or endowment fund in accordance with
            section 240.13d-1(b)(ii)(F).

                                       5


    (g) /X/ A parent holding company or control person in accordance with
            section 240.13d-1(b)(1)(ii)(G).

    (h) / / A savings association as defined in section 3(b) of the Federal
            Deposit Insurance Act (12 U.S.C. 1813).

    (i) / / A church plan that is excluded from the definition of an investment
            company under section 3(c)(14) of the Investment Company Act of 1940
            (15 U.S.C. 80a-3).

    (j) / / Group in accordance with section 240.13d-1(b)(ii)(J).

     This statement is filed by FCM, an investment adviser registered under the
     Investment Advisers Act of 1940, as amended, its control person Landis, and
     Firsthand, an investment company registered under the Investment Company
     Act of 1940, as amended.  (See, also, Exhibit A.)

ITEM 4.  OWNERSHIP

    Common stock:

    (a) Amount Beneficially Owned:      7,051,500

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

    (b) Percent of Class:      8.3%

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

    (c) Number of shares as to which the joint filers have:

          (i) sole power to vote or to direct the vote
                      7,051,500
              -----------------------------------------------------------------
         (ii) shared power to vote or to direct the vote
                           0
              -----------------------------------------------------------------
        (iii) sole power to dispose or to direct the disposition of
                      7,051,500
              -----------------------------------------------------------------
         (iv) shared power to dispose or to direct the disposition of
                           0
              -----------------------------------------------------------------


ITEM 5.  OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

    If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following.  / /


ITEM 6.  OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

         N/A

ITEM 7.  IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
         THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

         N/A

ITEM 8.  IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

         See Exhibit A.

ITEM 9.  NOTICE OF DISSOLUTION OF GROUP

         N/A

                                       6


ITEM 10. CERTIFICATION

    (a)  The following certification shall be included if the statement is filed
pursuant to section 240.13d-1(b):

               By signing below I certify that, to the best of my knowledge and
               belief, the securities referred to above were acquired and are
               held in the ordinary course of business and were not acquired
               and are not held for the purpose of or with the effect of
               changing or influencing the control of the issuer of the
               securities and were not acquired and are not held in connection
               with or as a participant in any transaction having that purpose
               or effect.

                                  SIGNATURE
Dated:  04/05/2002                FIRSTHAND CAPITAL MANAGEMENT, INC.


                                      /s/ Kevin M. Landis
                                  ----------------------------------
                                  Kevin M. Landis, President


                                  FIRSTHAND FUNDS


                                      /s/ Kevin M. Landis
                                  ----------------------------------
                                  Kevin M. Landis, Trustee



                                      /s/ Kevin M. Landis
                                  ----------------------------------
                                  Kevin M. Landis, Control Person


                                       7


EXHIBIT A


            IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP


Pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1) under the Securities and
Exchange Act of 1934, the members of the group making this joint filing are
identified and classified as follows:



                         NAME                                              CLASSIFICATION
                         ----                                              --------------
                                                     
Firsthand Capital Management, Inc. ("FCM")              Investment adviser registered under the Investment
                                                        Advisers Act of 1940, as amended.


Firsthand Funds on behalf of its series, as follows     Investment company registered under the
("Firsthand"):                                          Investment Company Act of 1940, as amended.
Technology Value Fund
Technology Leaders Fund
Technology Innovators Fund
The Communications Fund
The e-Commerce Fund
Global Technology Fund
Firsthand Aggressive Growth Fund
Firsthand Core Growth Fund

Kevin Michael Landis                                     A control person of FCM and Firsthand.



                                       8



EXHIBIT B


                  JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1

This agreement is made pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1)
under the Securities and Exchange Act of 1934 (the "Act") by and among the
parties listed below, each referred to herein as a "Joint Filer." The Joint
Filers agree that a statement of beneficial ownership as required by Sections
13(g) or 13(d) of the Act and the Rules thereunder may be filed on each of their
behalf on Schedule 13G or Schedule 13D, as appropriate, and that said joint
filing may thereafter be amended by further joint filings. The Joint Filers
state that they each satisfy the requirements for making a joint filing under
Rule 13d-1.


                                  SIGNATURE
Dated:  04/05/2002                FIRSTHAND CAPITAL MANAGEMENT, INC.


                                      /s/ Kevin M. Landis
                                  ----------------------------------
                                  Kevin M. Landis, President


                                  FIRSTHAND FUNDS


                                      /s/ Kevin M. Landis
                                  ----------------------------------
                                  Kevin M. Landis, Trustee



                                      /s/ Kevin M. Landis
                                  ----------------------------------
                                  Kevin M. Landis, Control Person


                                       9




EXHIBIT C


                       DISCLAIMER OF BENEFICIAL OWNERSHIP


P-Com, Inc.
Common Stock
 7,051,500 Shares



Kevin Michael Landis disclaims beneficial ownership as to all shares
beneficially owned for Section 13(g) filing purposes by Firsthand Capital
Management, Inc., as an investment adviser, and Firsthand Funds.


                                       10