When a company is spun off, oftentimes the parent company still continues to own a minority stake, and/or shareholders will wind up with shares in both.
It's in nobody's interest for "betterIBM" to succeed at the greater expense of "crapIBM". With so much shared ownership (at least in the medium-term, practically speaking), shareholders want both to succeed.
That's the whole point -- shareholders think both halves will do better as separate entities, and it's in nobody's interest for one half to exploit the other.
Surely your "crapIBM" will continue to have access to "betterIBM"'s tools at a reasonable price, but they'll also be free to migrate to better ones, as they choose, at the pace that is most profitable for them.
It's win-win because that's the entire point of the split in the first place. The two resulting entities aren't even competing with each other, they're in totally different markets.
It's in nobody's interest for "betterIBM" to succeed at the greater expense of "crapIBM". With so much shared ownership (at least in the medium-term, practically speaking), shareholders want both to succeed.
That's the whole point -- shareholders think both halves will do better as separate entities, and it's in nobody's interest for one half to exploit the other.
Surely your "crapIBM" will continue to have access to "betterIBM"'s tools at a reasonable price, but they'll also be free to migrate to better ones, as they choose, at the pace that is most profitable for them.
It's win-win because that's the entire point of the split in the first place. The two resulting entities aren't even competing with each other, they're in totally different markets.