A Big Drop

On October 19, 1987 I was working for Cullinet - the first software company to be traded on the NYSE   - the day the Dow went down 22.61%! We were on our way to close some business at Atena and all along the drive we listened on the radio as the average dropped 50 points, 100 points, 250 points. The next day the Dow dropped another 9%. When the dust settled on a percentage basis the loss was 4.5 times as big as Tuesday's.

Naturally we were horrified and feared for our jobs. But Enterprise Software works a little differently than most things and ultimately we were surprised by the turn of events.