Bloomberg reports that Google lost almost ten percent of its stock value today, as its latest earnings report fell short of expectations. But don't think this is attributable to any flaw in its business plan; rather, analysts suspect that the tech sector, long a haven for investors seeking refuge from the grim economic climate, is finally feeling everyone else's pain. Although Google posted quarterly growth once again and reported revenue at $3.87 billion, the company experienced higher than expected legal and research costs. CEO Eric Schmidt ha no choice but to own up to the bad news. For the first time, he told Bloomberg, Google faces "a more challenging environment." (Has any Google exec used the c-word before?) In addition, Schmidt told the New York Times, "We don’t believe we are inoculated from global economics." Microsoft faced a similarly paradoxical bloodletting, losing 7.6 percent of its value despite reporting more than $60 billion in annual revenue.