If you don't want to display hint when you clear value just use some defensive coding in your controller
public JsonResult GetSuggest(string technology)
{
if (string.IsNullOrEmpty(technology))
return Json(new [] { new object() }, JsonRequestBehavior.AllowGet);
}
To enable scroll in your ul apply some CSS
#selectedValue {
height:200px;
overflow:hidden;
overflow-y:scroll;
}