Exhibit 99.3
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                                                       CONTACT:    Paul D. Baker
                                                       Comverse Technology, Inc.
                                                       One Huntington Quadrangle
                                                       Melville, New York 11747
                                                       (516) 677-7226

 COMVERSE TECHNOLOGY RECEIVES NOTICE FROM NASDAQ DUE TO DELAY IN FILING OF FORM
                            10-Q FOR SECOND QUARTER


NEW YORK, NY, September 18, 2006 -- Comverse Technology, Inc. (NASDAQ: CMVT)
today announced that, due to the previously announced delay in filing its Form
10-Q for the fiscal quarter ended July 31, 2006, on September 12, 2006, the
company received an additional Staff Determination Letter from The NASDAQ Stock
Market indicating that the delay in the filing of the Form 10-Q serves as an
additional basis for the delisting of the company's securities from NASDAQ,
under NASDAQ Marketplace Rule 4310(c)(14).

As announced earlier today, on September 15, 2006, the NASDAQ Listing and
Hearing Review Council (the "Listing Council") notified the company that it had
determined to stay the the NASDAQ Listing Qualifications Panel's (the "Panel")
August 18, 2006 decision (the "Stay"), which required the company to file the
Form 10-K for the fiscal year ended January 31, 2006 and the Form 10-Q for the
quarter ended April 30, 2006 by September 25, 2006, and any future Panel
determinations to suspend the company's securities from trading pending further
action by the Listing Council. In the company's original petition to the Listing
Council requesting the Stay, the company requested an additional 60 day
exception period to file its Quarterly Reports on Form 10-Q for the quarters
ended July 31, 2006 and April 30, 2006, and its Annual Report Form 10-K for the
fiscal year ended January 31, 2006. As a result, the company does not intend to
request that the Panel grant it an additional exception for the filing of the
Form 10-Q for the quarter ended July 31, 2006.

The company intends to make an additional submission to the Listing Council in
support of its request for an additional extension of time by the deadline of
October 13, 2006, which was set forth in the Listing Council's September 15,
2006 decision.

There can be no assurance that the outcome of the Listing Council's review will
be favorable to the company or that the company's securities will remain listed
on the NASDAQ Stock Market.

ABOUT COMVERSE TECHNOLOGY, INC.

Comverse Technology, Inc. (NASDAQ: CMVT), through its Comverse, Inc. subsidiary,
is the world's leading provider of software and systems enabling network-based
multimedia enhanced communication and billing services. The company's Total
Communication portfolio includes value-added messaging, personalized data and
content-based services, and real-time converged billing solutions. Over 450
communication and content service providers in more than 120 countries use




COMVERSE TECHNOLOGY
SEPTEMBER 18, 2006
PAGE 2

Comverse products to generate revenues, strengthen customer loyalty and improve
operational efficiency. Other Comverse Technology subsidiaries include: Verint
Systems (NASDAQ: VRNT), a leading provider of analytic software-based solutions
for communications interception, networked video security and business
intelligence; and Ulticom (NASDAQ: ULCM), a leading provider of service enabling
signaling software for wireline, wireless and Internet communications. Comverse
Technology is an S&P 500 and NASDAQ-100 Index company.

For additional information, visit the Comverse website at www.comverse.com or
the Comverse Technology website at www.cmvt.com

All product and company names mentioned herein may be registered trademarks or
trademarks of Comverse or the respective referenced company(s).

Note: This release contains "forward-looking statements" under the Private
Securities Litigation Reform Act of 1995 that involve risks and uncertainties.
There can be no assurances that forward-looking statements will be achieved, and
actual results could differ materially from forecasts and estimates. Important
factors that could cause actual results to differ materially include: the
results of the review of the Special Committee, appointed by the Board of
Directors on March 14, 2006, of matters relating to the company's stock option
grants, including, but not limited to, the accuracy of the stated dates of
option grants and whether all proper corporate procedures were followed; the
impact of any restatement of financial statements of the company or other
actions that may be taken or required as a result of such reviews; the company's
inability to file reports with the Securities and Exchange Commission; risks
associated with the company's inability to meet NASDAQ requirements for
continued listing, including possible delisting; risks of litigation and of
governmental investigations or proceedings arising out of or related to the
company's stock option grants or any restatement of the financial statements of
the company; risks associated with integrating the businesses and employees of
the GSS division of CSG Systems, International, Netcentrex S.A., and Netonomy,
Inc.; changes in the demand for the company's products; changes in capital
spending among the company's current and prospective customers; the risks
associated with the sale of large, complex, high capacity systems and with new
product introductions as well as the uncertainty of customer acceptance of these
new or enhanced products from either the company or its competition; risks
associated with rapidly changing technology and the ability of the company to
introduce new products on a timely and cost-effective basis; aggressive
competition may force the company to reduce prices; a failure to compensate any
decrease in the sale of the company's traditional products with a corresponding
increase in sales of new products; risks associated with changes in the
competitive or regulatory environment in which the company operates; risks
associated with prosecuting or defending allegations or claims of infringement
of intellectual property rights; risks associated with significant foreign
operations and international sales and investment activities, including
fluctuations in foreign currency exchange rates, interest rates, and valuations
of public and private equity; the volatility of macroeconomic and industry
conditions and the international marketplace; risks associated with the
company's ability to retain existing personnel and recruit and retain qualified
personnel; and other risks described in filings with the Securities and Exchange
Commission. These risks and uncertainties, as well as others, are discussed in
greater detail in the filings of the company with the Securities and Exchange




COMVERSE TECHNOLOGY
SEPTEMBER 18, 2006
PAGE 3

Commission, including its most recent Annual Report on Form 10-K and subsequent
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These documents
are available through the company, or its website, www.cmvt.com, or through the
SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at
www.sec.gov. The company makes no commitment to revise or update any
forward-looking statements in order to reflect events or circumstances after the
date any such statement is made.

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