Placing Third in Florida, Giuliani Begins Withdrawal

From CBS News' Ryan Corsaro:

ORLANDO, FLA. -- There were tears, strong handshakes and parting embraces tonight as campaign supporters watched their leader, former New York City Mayor Rudy Giuliani, give what is expected to be one of his final speeches as a Republican presidential candidate.

Giuliani placed third tonight in Florida's GOP primary, which was pivotal in his strategy to gain future momentum in this election.

Speaking alongside his wife Judith, Giuliani thanked his staff and the Americans who stood by his message, but did not formally announce a withdrawal from the race.

"Aggressive fighting for the right is the noblest sport the world affords," said Giuliani as he took the stage, quoting former president Theodore Roosevelt.

"Elections are about a lot more than just candidates. Elections are about fighting for a cause larger than ourselves."

CBS News has confirmed that Giuliani will travel to California tomorrow, where he will drop out and endorse John McCain, the winner of tonight's primary.

He called each of his Republican opponents "accomplished servants and good men."

"Even Ron Paul," said Giuliani, smiling.

Giuliani's lack of attacks against his rivals might have suspended attention to his campaign message in recent weeks, but he maintained the belief to stay positive was the right decision.

Giuliani dedicated his campaign the memories and examples set by firefighters, law enforcement and first responders he has met throughout his career, including ones who lost their lives when answering the call of duty on September 11th, 2001.

"The future of our nation is in good hands, because it's in your hands."