Saving face "is his biggest problem," said Andrew Shore, an analyst at Paine Webber.

"I think the outline of the cost cutting was great," said Andrew Shore, an analyst who follows the company for Paine Webber.

"You couldn't ask for a better marriage," Andrew Shore, an analyst at Paine Webber, said.

But Andrew Shore, a cosmetics industry analyst with Prudential Securities, said that would be a steep price.

Andrew Shore, a household products analyst for Paine Webber, said he was surprised by the size of the charge.

Andrew Shore, a first vice president at Paine Webber Inc., said the report was "good news and bad news."

Andrew Shore of Prudential-Bache sees an analogy here.

Andrew Shore, an analyst with Prudential Securities, said the business of the two companies were complementary.

"The celebrity can sell the first bottle," said Andrew Shore of Shearson Lehman.

"No one makes money the first year," said Andrew Shore, a cosmetics industry analyst at Paine Webber.