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I think NewCo (KynDryl) will quickly dis-associate itself from IBM because they know IBM is c r a p.
My prediction is that the CEO will not last more than year.
Of course they are... By definition IBM / RemainCo / Cloud IBM ... is out to cannibalize the NewCo customer base...
As customers migrate from NewCo to RemainCo cloud offerings... NewCo customer base declines.
Very interesting chart Redhat is eating into IBM Legacy SW and services