July 29, 2000

Today is the first anniversary of Continuus Software Corporation's IPO, an event that had all the terrible, slow-motion horror of a motorcycle accident.  As of yesterday's close, the stock had dropped to a scanty one and nine-sixteenths, less than a fifth of the original offering price and a new all-time low.

Once you subtract out what I paid for them, my oh-so-New-Economy pre-public options -- my bonus for putting up with the howler monkeys that ran the place for two years -- are now worth:



$16.09



Not counting commissions and taxes, of course.

 



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