I *think* so....
Aha, someone else actually knows Billy Cobham? This one has bothered me for a while. I got my guitar degree in LA and a bass player named T-Bass Jones asked me to transcribe this for him and we ended up performing it. Years later I can remember how to play it but I can't recall whether it was a Billy Cobham song or Pieces of a Dream... I'm leaning towards Cobham.
Hopefully I'll nail down the name of this one eventually.