Today's Biggest Technology Stocks Losers are ESE, MRGE, SMI

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ESCO Technologies Inc. (NYSE:ESE) declines 12.90% to $32.54 after Brean Murray gave the Scientific & Technical Instruments industry some bad news as it announced that the company was downgraded from Buy to Hold. ESCO Technologies Inc. is a producer of engineered products and systems sold to customers, primarily for utility, industrial and commercial applications.

Merge Healthcare Inc. (NASDAQ:MRGE) decreases 16.67% to $3 after the company announced that it is offering to sell up to 9,034,033 shares of common stock in a registered direct offering to select institutional investors at a purchase price of $3.00 per share. Merge expects to enter into definitive agreements with respect to this offering.

Semiconductor Manufacturing Int'l (ADR) (NYSE:SMI) plunges 10.54% to $3.31 on 43K shares. The stock hit an intraday high and an intraday low of $3.69 and $3.30 respectively. In the last six months the stock went up over 53%. Semiconductor Manufacturing International Corporation is a holding company that operates through its subsidiaries. The Company is engaged in the computer-aided design, manufacturing, packaging, testing and trading of integrated circuits and other semiconductor services, as well as manufacturing and designing semiconductor masks.