Palm no longer making PDA's?

After a lenghty discussion with some high person in Palm Europe (France) i got the impression that they are no longing making PDA's but instead focussing on smartphones. I pressed this Palm lady on this issue but she could not give a definite answer. I then asked about this "secret" project they were working on but could not get anywhere with her..lol

On a serious note i think Palm has realised that they were making a loss on PDA's and may have decided to switch to a more lucrative market in smartphone permanently. An indication to this can be seen in the Lifedrive; a brilliant concept with flaws. A second generation would have ironed out these flaws.

I have always bought Palm's right from the M130; my recent been the TX (i struggled to sell this anywhere near the asking price on ebay). Anywho i don't think it is worth buying Palm PDA's at this point in time as you will only loose money. Am i right ot wrong?