Google (GOOG) missed on revenue and earnings and the stock dropped $60/share -- Ouch! I would exit immediately if I owned any. This is likely to keep dropping further for a little while. This is typical of when a growth company shows any sign of trouble -- it gets beat up immediately.
Google is still a great company, but I don't want to own it until they sort things out with their Motorola acquisition. At some point, it will probably be a good buy, but probably not for a matter or weeks or months.