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August 01, 2000

Arden Realty Inc., a Los Angeles-based office real estate investment trust, reported second-quarter operating income of $45.2 million, or 69 cents per share, compared with $42.8 million, or 65 cents, from a year ago. Revenue rose to $93.6 million from $83.4 million.

* Big Dog Holdings Inc., a Santa Barbara-based developer and retailer of casual apparel, reported second-quarter net income of $1 million, or 9 cents per share, compared with $735,000, or 6 cents, a year ago. Revenue increased to $26.2 million from $24.1 million. The company also said it launched a cash tender offer to purchase 3.5 million shares, or 30%, of its common stock at $6.25 per share.

* La Canada-based sporting goods retailer Sport Chalet Inc. reported fiscal first-quarter net income of $1.4 million, or 21 cents per share, compared with $658,000, or 10 cents, a year ago. Revenue rose to $44.1 million from $34.7 million. Same-store sales at its 23 locations rose to 13.8%.

* Corona-based generic drug maker Watson Pharmaceuticals Inc. matched Wall Street estimates with a 5% rise in second-quarter earnings and strong sales of its nicotine gum product, but the company's shares fell amid disappointment with profit margins. Watson said its operating earnings, before unusual items, totaled $44.1 million, or 45 cents per share, up from $42.1 million, or 43 cents, in the year-ago period. Revenue rose 11%, to $189.9 million from $170.2 million in the 1999 quarter.

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