Ajax sent on "keyup" duplicates results when fast typing!

This is my Ajax:

$("form[0] :text").live("keyup", function(event) {

    event.preventDefault();
    $('.result').remove();
    var serchval = $("form[0] :text").val();

    if(serchval){

        $.ajax({

            type: "POST",
            url: "<?= site_url('pages/ajax_search') ?>",
            data: {company : serchval},
            success: function(data) {

                var results = (JSON.parse(data));
                console.log(results);

                if(results[0]){
                    $.each(results, function(index) {
                        console.log(results[index].name);
                        $("#sresults").append("<div class='result'>" + results[index].name + "</div>");
                    });
                }
                else {
                    $("#sresults").append("<div class='result'>לא נמצאו חברות</div>");
                }
            }
        });
    }
});

When I type slowly (slower then a letter per second) I get the results correct, when I type faster I get 2 times the same results

example:
slow typing: res1 res2 res3
fast typing: res1 res2 res3 res1 res2 res3

Also, any advice on improving the code would be welcome!