Hi Jay,
Honestly I am not sure if this would work for 11050 running 5.0, but I have followed this procedure with a 11500 series, you might want to give it a try:
For password recovery, have a look at this object in the
securitymgrext.mib :
apSecurityMgrUsernameTable OBJECT-TYPE
SYNTAX SEQUENCE OF ApSecurityMgrUsernameEntry
ACCESS not-accessible
STATUS mandatory
DESCRIPTION
"This is the table of username and password pairs used for
local authentication."
::= { securityMgrExt 4 }
It contains the local user accounts, and they are (individually)read-write. You need to know
the community string for this to work and have enable read+write snmp.
Hope it helps