Shareholders have lost total confidence in management because the stock has underperformed the S&P 500 (stock index) by 45 percent.

Shareholders have lost total confidence in management because the stock has underperformed the S&P 500 (stock index) by 45 percent,

Management has developed a good knack of over delivering on its strategy so far and that gives us significant confidence going forwards.

They're better able to articulate their strategy than in the past, and the new management talent has contributed to that capability. But there are still some real competitive issues, especially in the computer systems division, where they're facing declining market share. Sun has always been competitive, but we're also seeing a revitalized IBM in the server space. But as long as HP can get its strategy right, then we should see a recovery as things progress.

It definitely boosted my confidence.

Manny has a superb management team in Shelly Finkel, Nick Khan and Keith Davidson, as well as a Hall-of-Fame caliber trainer in Freddie Roach,