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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 TwfX2G53htbaHMv0qhBAzbCGYGZPWQNgABDwilQPYEhCldEe+rWYnGlPmU+kC8Y3
 13kM3Lam62QM7vXtVHQ02g==

<SEC-DOCUMENT>0000909518-08-000889.txt : 20081205
<SEC-HEADER>0000909518-08-000889.hdr.sgml : 20081205
<ACCEPTANCE-DATETIME>20081205172301
ACCESSION NUMBER:		0000909518-08-000889
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081203
FILED AS OF DATE:		20081205
DATE AS OF CHANGE:		20081205

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			OLIVER AUGUSTUS K
		CENTRAL INDEX KEY:			0001216573

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15502
		FILM NUMBER:		081233806

	MAIL ADDRESS:	
		STREET 1:		C/O CORPORATE SECRETARY SCHOLASTIC CORP
		STREET 2:		557 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10012

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMVERSE TECHNOLOGY INC/NY/
		CENTRAL INDEX KEY:			0000803014
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE & TELEGRAPH APPARATUS [3661]
		IRS NUMBER:				133238402
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0131

	BUSINESS ADDRESS:	
		STREET 1:		810  SEVENTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-739-1000

	MAIL ADDRESS:	
		STREET 1:		810  SEVENTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>oliver_form4ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-12-03</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000803014</issuerCik>
        <issuerName>COMVERSE TECHNOLOGY INC/NY/</issuerName>
        <issuerTradingSymbol>CMVT.PK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001216573</rptOwnerCik>
            <rptOwnerName>OLIVER AUGUSTUS K</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O OLIVER PRESS PARTNERS, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>152 WEST 57TH STREET</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-12-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>10000</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>16945</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1693307</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Davenport Partners, L.P. and JE Partners</value>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Represents shares of Comverse Common Stock deliverable in settlement of an award of deferred stock units granted on December
 3, 2008, with such shares to vest and be delivered on January 1, 2010, provided, that, if on January 1, 2010 there is no
 effective registration statement on Form S-8 in respect of such shares, such shares will be deliverable to the grantee on
 the first date within calendar year 2010 on which such shares are the subject of an effective registration statement on Form
 S-8 and no resale restrictions apply, but in no event later than December 31, 2010.</footnote>
        <footnote id="F2">Not applicable.</footnote>
        <footnote id="F3">Includes 10,000 shares of Comverse Common Stock deliverable in settlement of unvested award of deferred stock units.
 Excludes shares deliverable in settlement of awards of deferred stock units reported as derivative securities in Table II in
 prior filings.</footnote>
        <footnote id="F4">The reporting person is a director of Comverse Technology, Inc. (the &quot;Company&quot;). The reporting person is the (i) Managing
 Member of Oliver Press Investors, LLC, a Delaware limited liability company and the general partner of each of Davenport
 Partners, L.P., a Delaware limited partnership (&quot;Davenport&quot;), JE Partners, a Bermuda partnership (&quot;JE&quot;) and Oliver Press
 Master Fund LP, a Cayman limited partnership (&quot;Master Fund&quot; and, together with Davenport and JE, the &quot;Partnerships&quot;), and
 (ii) Managing Member of Oliver Press Partners, LLC, a Delaware limited liability company and the investment adviser to each
 of the Partnerships. The Partnerships own certain securities of the Company, all of which are subject to the shared voting
 and investment authority of the reporting person, among others.</footnote>
        <footnote id="F5">(Continuation of Footnote 4) - The reporting person's interest in the securities of the Company owned by the Partnerships is
 limited to the extent of his pecuniary interest in the Partnerships, if any.  Upon ultimate realization of cash proceeds
 with respect to the Deferred Stock Award, such cash proceeds may be applied as a credit against management fees payable by
 the Partnerships.  The reporting person's interest in the securities reported on Table I herein is limited to the extent of
 his pecuniary interest in such securities, if any.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/  Shefali Shah, as Attorney-in-Fact for Augustus K. Oliver</signatureName>
        <signatureDate>2008-12-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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