Even with this strong performance, demand for Palm products still outstrips supply.

I am also glad to see that the initial launches of our key strategic products have been successful and that subsequent business expansion plans are taking place.

We believe that there's going to be a complete landscape of devices in the future that will enable people to access the Internet, send e-mail and do computing. I think it is absolute folly to say that any one of these devices will serve the needs of the entire industry and all markets.

This indicates that Palm and the market are growing faster than previous analyst estimates.

The Palm team again delivered stellar results on multiple fronts: revenue, units shipped, profitability, and content and platform momentum. This is our third consecutive quarter of 100-percent-plus year-over-year revenue growth, and we achieved it in an environment of increased competition and continued component constraints.

With Palm's transition into two individual businesses almost complete, my role has changed, and it no longer matches my aspirations. I leave confident that our separation and solutions strategies, combined with the new leadership at the helm of both businesses, will result in increased shareholder value.