Dana Blankenhorn makes some good points in a post from today titled Open Source in a Time of Recession. One of the better points is that, despite the incredible turmoil in global markets and economies, we actually haven't met the official definition of a recession yet here in the U.S., which would be two consecutive quarters without economic growth.

The new frontiers for open source companies are social networking-related applications and Software as a Service, said Paul Sterne, CFO of Open-Xchange. "The appetite now in the venture community is to identify companies, like ours, that sell open source products into the Software as a Service environment," he said.