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Byline: Bob Keefe
Apr. 19--Intel Corp.'s profit plummeted 82 percent in the first quarter, but executives cautiously indicated that they're finally starting to see some improvement.
"Our first quarter is characterized by rapid deterioration of business conditions, seen first in falling demand for PCs in the U.S. and later across all products and nearly all geographies," Andy Bryant, Intel's executive vice president and chief financial officer said in a conference call announcing the results Tuesday.
The world's biggest semiconductor maker said it made $485 million, or 7 cents a share, down from nearly $2.7 billion or 39 cents a share a year ago. Factoring out …