-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 HsHpbvOLA2QJTDYjpZQVF8iapxSEKFrn2f0ir0VN0hyiz5FmvQTUJ7YYsDxr/2Zv
 TsKSJlNDuT8PwBVODhT4BA==

<SEC-DOCUMENT>0001005477-07-006714.txt : 20071102
<SEC-HEADER>0001005477-07-006714.hdr.sgml : 20071102
<ACCEPTANCE-DATETIME>20071102160140
ACCESSION NUMBER:		0001005477-07-006714
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071101
FILED AS OF DATE:		20071102
DATE AS OF CHANGE:		20071102

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:		071210649

	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>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-11-01</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001216573</rptOwnerCik>
            <rptOwnerName>OLIVER AUGUSTUS K</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>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>2007-11-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>507740</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1693307</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Davenport Partners, L.P., JE Partners and Oliver Press Master Fund LP</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-11-01</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>507740</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1693307</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Davenport Partners, L.P., JE Partners and Oliver Press Master Fund LP</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">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.  The reporting person's interest in the securities reported on Table I herein is limited to the extent of his pecuniary interest in the Partnerships
, if any.</footnote>
        <footnote id="F2">As of November 1, 2007, the Partnerships held in the aggregate 1,693,307 shares of common stock of the Company (&quot;Shares&quot;).  The reported transactions represent a contribution of Shares from Davenport to the Master Fund in exchange for a limited partnership interest in the Master Fund.  Davenport received an opening partnership percentage in return for the contribution of Shares based upon the closing price of the Shares on October 31, 2007.  The aggregate number of Shares held by the Partnerships did not change as a result of the contribution of Shares from Davenport to the Master Fund.  The reporting person's interest in the securities reported on Table I herein is limited to the extent of his pecuniary interest in the Partnerships, if any.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Augustus K. Oliver</signatureName>
        <signatureDate>2007-11-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----