EXHIBIT 99

June 25, 1998--Comverse Technology, Inc. (NASDAQ:CMVT) announced the private
placement, to certain institutional investors, of $250 million principal amount
of its 4.50% convertible subordinated debentures due 2005. 

The debentures are convertible, at the option of the holder, into shares of
Common Stock at a conversion price of $64.50.

The Company intends to use the proceeds of this offering for general corporate
purposes, including possible investments in, or acquisitions of, other
companies, businesses, technologies or product lines. The Company expects the
debentures to be anti-dilutive to earnings per share for the remainder of fiscal
1998, ending January 31, 1999, and at least through the end of fiscal 1999,
ending January 31, 2000.
 
The debentures were sold by the company to Lehman Brothers as initial purchaser
who re-offered the debentures to institutional investors pursuant to Rule 144A.
 
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy the debentures. The securities offered will not be and have not
been registered under the Securities Act of 1933 and may not be offered or sold
in the United States absent registration or an applicable exemption from the
registration requirements.
 
Statements in this news release which relate to the future are subject to risk
factors and uncertainties that could cause actual results to differ materially
from those indicated in such forward-looking statements. Additional information
regarding these and other risk factors and uncertainties may be found in the
Company's filings with the Securities and Exchange Commission.
 
Comverse Technology, Inc., headquartered in Woodbury, NY, designs, develops,
manufactures and markets computer and telecommunications systems and software
for communications and information processing applications. Comverse's products
include: multimedia enhanced services platforms marketed under the names Access
NP(R) and TRILOGUE(R) Infinity(TM), which are currently used by more than 250
wireless and wireline telecommunications network operators to provide revenue-
generating services such as call answering, voice/fax/text messaging, pre-paid
services, and other personal communications services; multiple channel,
multimedia digital monitoring systems marketed to law enforcement and
intelligence agencies under the name AUDIODISK(TM); and multiple channel,
multimedia recording systems marketed to call centers, financial institutions
and other organizations under the name ULTRA(TM).
 
 
 
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