ORLANDO, Fla. (AP) -- Rudy Giuliani, who bet his presidential hopes on Florida only to come in third, prepared to quit the race Tuesday and endorse his friendliest rival, John McCain.

The former New York mayor stopped short of announcing he was stepping down, but delivered a valedictory speech that was more farewell than fight-on.

Giuliani finished a distant third to winner McCain and second-place finisher Mitt Romney. Republican officials said Giuliani would endorse McCain on Wednesday in California.