Tech Watch List: First Financial Service (NASDAQ:FFKY), Transgenomic Inc (NASDAQ:TBIO), Video Display (NASDAQ:VIDE), Covisint Corp (NASDAQ:COVS), Magnachip Semiconductor Corp (NYSE:MX)

Community Bank Shares of Indiana, Inc. (NASDAQ GM:CBIN), the holding company for Your Community Bank and The Scott County State Bank, and First Financial Service Corp. (KY) (NASDAQ:FFKY), the holding company for First Federal Savings Bank of Elizabethtown, jointly announced on 22 April 2014 they have entered into an agreement and plan of share exchange (the “Agreement”). Under the terms of the Agreement, Community Bank Shares of Indiana, Inc. will exchange all of the issued and outstanding common shares of First Financial Service Corporation for 0.153 shares of CBIN’s common stock, subject to potential adjustments at closing. First Financial Service Corp. (KY) (NASDAQ:FFKY) stock performance was -3.27% in last session and finished the day at $3.55. Traded volume was 343.00million shares in the last session and the average volume of the stock remained million shares. The beta of the stock remained 1.66. First Financial Service Corp. (KY) (NASDAQ:FFKY) insider ownership is 7.10%.

Transgenomic Inc. (NASDAQ:TBIO) a global biotechnology company advancing personalized medicine in cardiology oncology and inherited diseases through advanced diagnostic tests and clinical and research services on 28 May 2014 announced that it has signed a license with the Dana-Farber Cancer Institute for worldwide rights to develop and commercialize multiplexed versions of its ICE COLD-PCRTM technology (MX ICE COLD-PCR). Transgenomic Inc (NASDAQ:TBIO) dropped -6.58 percent to $3.69 Friday on volume of 17,581.00million shares. The intra-day range of the stock was $3.55 to $3.95. Transgenomic Inc (NASDAQ:TBIO) has a market capitalization of $27.14million.

Video Display Corporation (NASDAQ:VIDE) revealed in its quarterly report on 29 May 2014 that the reserve for inventory obsolescence was approximately $0.1 million and $2.7 million at February 28, 2014 and February 28, 2013, respectively. During fiscal 2014 and 2013, the Company disposed of $5.3 million and $0.6 million of inventory, respectively. $4.5 million of the disposals during fiscal year 2014 were primarily due to the rapid decline in the CRT industry; other divisions disposed of approximately $0.8 million of other unusable parts, including lenses. During fiscal year 2013, disposals were $0.3 million in write-offs at the Display Systems division and another $0.1 million written off in the consolidation of the Company’s old Novatron and Southwest Vacuum divisions into the Data Display CRT division. Video Display Corporation (NASDAQ:VIDE)’s stock on May 30, 2014 reported a decrease of -2.14% to the closing price of $3.27. Its fifty two weeks range is $3.01 -$4.76. The total market capitalization recorded $24.83million. The overall volume in the last trading session was 23,041.00million shares. In its share capital, VIDE has 7.59million outstanding shares.

Covisint Corp (NASDAQ:COVS) had its price objective cut by Credit Suisse from $8.00 to $6.00 in a report released on Friday. Covisint Corp (NASDAQ:COVS) last posted its quarterly earnings results on Thursday, May 22nd. The company reported ($0.17) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.11) by $0.06. The company had revenue of $24.40 million for the quarter, compared to the consensus estimate of $24.66 million.On Friday, shares of Covisint Corp (NASDAQ:COVS) dropped -5.77% to close the day at $5.06. Company return on investment (ROI) is 0.90% and its monthly performance is recorded as -6.30%. Covisint Corp (NASDAQ:COVS) quarterly revenue growth is -14.84%.

MagnaChip Semiconductor Corporation (NYSE:MX), a Korea-based designer and manufacturer of analog and mixed signal semiconductor products, on 21 May 2014 announced that Sang Park, 67, has retired as Chairman, Chief Executive Officer and Director, effective immediately. Magnachip Semiconductor Corp (NYSE:MX) stock performance was -0.96% in last session and finished the day at $12.42. Traded volume was 182,149.00million shares in the last session and the average volume of the stock remained 302.65K shares. The beta of the stock remained 2.13. Magnachip Semiconductor Corp (NYSE:MX) insider ownership is 1.57%.

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