Buddy Kaila pointed out this editorial from Forbes magazine.
The basic premise is that in the soon-to-eventuate recession, SaaS companies will be somewhat protected from the fall out. The reasons given;
- SaaS is an expensable rather than capital outlay
- SaaS tends to be used in discrete, mission-critical areas
- SaaS providers tend to have more exposure to the SMB market
- SaaS players can scale back their expenditure more readily than ISVs
Roll on that recession…..
Ben Kepes is an analyst, an entrepreneur, a commentator and a business adviser. His business interests include many industries from manufacturing and property to technology. 
Krishnan Subramanian is an entrepreneur, cloud computing analyst and consultant, open source researcher and evangelist, one of the industry’s most prolific bloggers. 