8-K

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

                                    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): January 14, 2008


                            COMVERSE TECHNOLOGY, INC.
             (Exact name of registrant as specified in its charter)


NEW YORK                                                   13-3238402
(State or other jurisdiction of                (I.R.S.  Employer Identification
incorporation or organization)                                No.)


           810 SEVENTH AVENUE
           NEW YORK, NEW YORK                                    10019
(Address of principal executive offices)                       (Zip Code)


        Registrant's telephone number, including area code: 212-739-1000

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[_]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[_]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[_]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[_]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))






ITEM 7.01   REGULATION FD DISCLOSURE.

On January 14, 2008, the President and Chief Executive Officer of Comverse
Technology, Inc. (the "Company") issued a letter to employees. A copy of the
letter is attached hereto as Exhibit 99.1 to this Current Report and is
incorporated herein by reference.

This Current Report contains "forward-looking statements" under the Private
Securities Litigation Reform Act of 1995 that involve risks and uncertainties.
There can be no assurances that any forward-looking statements will be achieved,
and actual results could differ materially from forecasts and estimates.
Important factors that could affect the Company include: the results of the
investigation of the Special Committee, appointed by the Board of Directors on
March 14, 2006, of matters relating to the Company's stock option grant
practices and other accounting matters, including errors in revenue recognition,
errors in the recording of deferred tax accounts, expense misclassification, the
possible misuse of accounting reserves and the understatement of backlog; 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 investigation or as
result of the Company's VSOE evaluation; the Company's inability to file reports
with the Securities and Exchange Commission; the effects of the delisting of the
Company's Common Stock from NASDAQ and the quotation of the Company's Common
Stock in the "Pink Sheets," including any adverse effects relating to the
trading of the stock due to, among other things, the absence of market makers;
risks relating to the Company's ability to relist its Common Stock on NASDAQ;
risks relating to alleged defaults under the Company's ZYPS indentures,
including acceleration of repayment; risks of litigation (including the pending
securities class action and derivative lawsuits) and of governmental
investigations or proceedings arising out of or related to the Company's stock
option practices or any other accounting irregularities or any restatement of
the financial statements of the Company, including the direct and indirect costs
of such investigations and restatement; risks related to Verint Systems Inc's.
merger with Witness Systems, Inc., including risks associated with integrating
the businesses and employees of Witness; risks associated with integrating the
businesses and employees of the Global Software Services division acquired from
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; the risk of declines in information technology spending; risks
associated with the Company's ability to retain existing personnel and recruit



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and retain qualified personnel; and other risks described in filings with the
Securities and Exchange Commission. The Company undertakes no commitment to
update or revise forward-looking statements except as required by law.

ITEM 9.01   FINANCIAL STATEMENTS AND EXHIBITS.

     (d)    EXHIBITS:

            Exhibit No.                                  Description
            -----------                                  -----------

                99.1               Letter to Employees dated January 14, 2008.































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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.

                                          COMVERSE TECHNOLOGY, INC.


Date:  January 14, 2008                   By: /s/ Cynthia Shereda
                                              ---------------------------------
                                          Name:    Cynthia Shereda
                                          Title:   Executive Vice President and
                                                   General Counsel
































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                                  EXHIBIT INDEX

       Exhibit No.                             Description
       -----------                             -----------

          99.1               Letter to Employees dated January 14, 2008.





























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EX-99

                                                                    EXHIBIT 99.1
                                                                    ------------


Dear Colleagues,

As we enter 2008, I'd like to extend my warm wishes to you, and provide you with
a brief update on our activities.

I am very pleased with our progress toward achieving our objectives, as we
continue to strengthen our business in the context of the Framework for
Profitable Growth. As we continue to see improvement in the business strength of
the company, I would like to ensure that we stay focused in the next two weeks
on what looks like a strong finish to fiscal 2007, and ready ourselves to make
2008 an even better year. Let's leverage the business momentum we have to assure
that our current market leadership, along with our best-in-class products and
people -- all aligned to make our customers successful -- leads to world class
business performance.

We are currently implementing a number of actions to ensure that this promise is
fulfilled. As you may know, last week the senior leadership team conducted a
week-long strategic and operational review of our entire business. Driven by all
the facts reflected in our business, the feedback you provided through the
employee survey, as well as my interactions with a large number of customers and
employees, we have made some clear decisions that will result in the reshaping
of Comverse in the way we face our customers, and build and service our
products.

With a strong focus on high quality of products, high quality of service, and
our customers' success, we have come to several conclusions, that will present a
single, unified face to our customers, with a more consistent and cohesive
message, and a more responsive and efficient product delivery and service
process.

To achieve this result, we will be building:

o    product groups focused on developing high quality products around our core
     competencies and emerging innovations that, through a more market-driven
     organization, will be aligned with our customers' needs;
o    improved delivery and service capability focused on customer satisfaction
     and profitability;
o    a fully-empowered sales organization, responsible for sales and customer
     relationship management.

This new alignment we will be implementing should yield powerful results in the
future, as we leverage our leadership in messaging, content and billing, and
develop emerging opportunities such as converged IP communications, as well as
future areas of investment.

We will be developing the details around the new alignment in the coming weeks.
Some of you will be called upon to participate as we develop, refine and
implement our operational, organizational, and strategic plans, and I am








committed to communicate with you on an ongoing basis, as more details are
available, and as progress milestones are achieved. Each one of you has a role
in our success, and I ask you to continue and focus on our operational
performance, and rally behind the new Comverse we are building.

I am optimistic about the future of Comverse, and I believe 2008 will be a
breakthrough year for the company, and serve as the foundation for the new
Comverse. We enter the new year in a positive position, and we are building a
plan that should result in continued improvement in 2008.

In addition, we are working diligently to complete the accounting work necessary
to once again become current in our financial filings, and re-list our shares on
a major exchange.

I am confident that 2008 will be the year in which we emerge with tangible
evidence of our significant operational improvement, and refocus attention on
the quality, position and value of this outstanding company. I know you will
stay focused on the operational activities of the day, contribute to a strong
finish to Q4, and carry that positive momentum into 2008.

I want to again thank you for your ongoing effort and commitment, and wish
everyone a successful quarter and a joyful and prosperous New Year.


Best regards,

/s/  Andre Dahan

Andre Dahan














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