-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 SqV1Gu/aNe6044JsTM+UXe4zHwyeiBMNV1TZO7tIJWHZk5x3aQL7qn9mYmZiw7iK
 GoRPhSvB0noOo6+QxWTmBA==

<SEC-DOCUMENT>0001169232-08-003049.txt : 20080813
<SEC-HEADER>0001169232-08-003049.hdr.sgml : 20080813
<ACCEPTANCE-DATETIME>20080813151206
ACCESSION NUMBER:		0001169232-08-003049
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080804
FILED AS OF DATE:		20080813
DATE AS OF CHANGE:		20080813

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PORTA SYSTEMS CORP
		CENTRAL INDEX KEY:			0000079564
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE & TELEGRAPH APPARATUS [3661]
		IRS NUMBER:				112203988
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		6851 JERICHO TURNPIKE
		CITY:			SYOSSET
		STATE:			NY
		ZIP:			11791
		BUSINESS PHONE:		5163649300

	MAIL ADDRESS:	
		STREET 1:		6851 JERICHO TURNPIKE
		CITY:			SYOSSET
		STATE:			NY
		ZIP:			11791

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Cheyne General Partner Inc
		CENTRAL INDEX KEY:			0001442218
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08460
		FILM NUMBER:		081013120

	BUSINESS ADDRESS:	
		STREET 1:		WALKER HOUSE
		STREET 2:		87 MARY STREET
		CITY:			GEORGETOWN
		STATE:			E9
		ZIP:			KY1-9001
		BUSINESS PHONE:		345-949-0100

	MAIL ADDRESS:	
		STREET 1:		WALKER HOUSE
		STREET 2:		87 MARY STREET
		CITY:			GEORGETOWN
		STATE:			E9
		ZIP:			KY1-9001

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Cheyne Capital Management (UK) LLP
		CENTRAL INDEX KEY:			0001390457
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08460
		FILM NUMBER:		081013121

	BUSINESS ADDRESS:	
		STREET 1:		STORNAWAY HOUSE
		STREET 2:		13 CLEVELAND ROW
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW1A 3DH
		BUSINESS PHONE:		011-44(0)2070317450

	MAIL ADDRESS:	
		STREET 1:		STORNAWAY HOUSE
		STREET 2:		13 CLEVELAND ROW
		CITY:			LONDON
		STATE:			X0
		ZIP:			SW1A 3DH
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>d08-74784_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0203</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2008-08-04</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000079564</issuerCik>
        <issuerName>PORTA SYSTEMS CORP</issuerName>
        <issuerTradingSymbol>PORT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001390457</rptOwnerCik>
            <rptOwnerName>Cheyne Capital Management (UK) LLP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>STORNAWAY HOUSE</rptOwnerStreet1>
            <rptOwnerStreet2>13 CLEVELAND ROW</rptOwnerStreet2>
            <rptOwnerCity>LONDON</rptOwnerCity>
            <rptOwnerState>X0</rptOwnerState>
            <rptOwnerZipCode>SW1A 3DH</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED KINGDOM</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001442218</rptOwnerCik>
            <rptOwnerName>Cheyne General Partner Inc</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>WALKER HOUSE</rptOwnerStreet1>
            <rptOwnerStreet2>87 MARY STREET</rptOwnerStreet2>
            <rptOwnerCity>GEORGETOWN</rptOwnerCity>
            <rptOwnerState>E9</rptOwnerState>
            <rptOwnerZipCode>KY1-9001</rptOwnerZipCode>
            <rptOwnerStateDescription>CAYMAN ISLANDS</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>7038236</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The shares are held directly by Gate Systems Holdings Ltd. (&quot;Holdings&quot;).  Cheyne Special Situations Fund L.P. (the &quot;Fund&quot;) is
 the sole stockholder of Holdings.  Each of Cheyne Capital Management (UK) LLP, the investment manager of the Fund (the
 &quot;Manager&quot;), and Cheyne General Partner Inc., the general partner of the Fund (together with the Manager, the &quot;Reporting
 Persons&quot;) may be deemed to be the beneficial owners of the shares set forth herein.  Each of the Reporting Persons disclaims
 beneficial interest of the shares except to the extent of its pecuniary interest therein.</footnote>
    </footnotes>

    <remarks>This Form 3 is being filed jointly by Cheyne General Partner Inc. with Cheyne Capital Management (UK) LLP. The address of
 Cheyne General Partner Inc. is Walker House, 87 Mary Street, Georgetown, Cayman Islands, KY1-9001.</remarks>

    <ownerSignature>
        <signatureName>/s/ Simon James, Compliance Officer, Cheyne Capital Management (UK) LLP</signatureName>
        <signatureDate>2008-08-12</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Daniele Hendry, Director, Cheyne General Partner Inc.</signatureName>
        <signatureDate>2008-08-12</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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