It appears that Palm's built-in Security application only
obfuscates its password, rather than encrypting it.

The net result is that the obfuscated password can be acquired
(during the HotSync process, or from the Unsaved Preferences
database) and decoded.

Details are at:

http://www.securiteam.com/securitynews/PalmOS_Password_Retrieval_and_Decodin
g.html

(sorry for any wrap).

This link was reported by the Mac troubleshooting site MacFixIt.com .

--Glenn