This is another important step on our strategic roadmap as it will allow users to share information beyond the PC.

The new model is mobile pervasive computing, and it will change the very nature of the enterprise.

It was clearly a demanding quarter for Palm, our shareholders and our employees, but thankfully not for our customers, who continued to receive the best handheld solutions and services on the market.

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.