Google stock tanks in wake of Android announcement! (Although, the announcement and drop are not related)

Google stock has taken a sharp dive today. So have the stocks of Apple, RIM, and pretty much everyone else, although GOOG seems to be the biggest loser.

It has nothing to do with Android, despite what my sensationalist headline may imply, but rather is a result of bad first-quarter results from Cisco and the slowdown in spending those results might signify.

"After enjoying three years of accelerating growth, it appears top-line trends may be moderating," wrote Raymond James analyst Todd Koffman in a note to investors, downgrading Cisco to "Market Perform" from "Strong Buy."

Currently GOOG is down about 45 bucks, which is like two cases of beer's worth.