Since our last MGI Research Database Review dated October 5th, 2009,the MGI-X scores for the June quarter continue to show significant improvement, though the performance remains uneven. At the time of our last report of the 51 scores tallied 53% or 27 of the companies scored had a positive MGI Change Vector (MGI-CV), which represented a notable reversal from the March quarter when the majority of companies still had a negative MGI-CV. Now with 78 companies scored for the June quarter, the percentage of companies with a positive MGI-CV is up to 59% or 46 companies. As we noted in our earlier report, the majority of the improvement has been driven by expense control and management of the balance sheet, however, we are beginning to see some signs that revenues in isolated instances are showing positive growth both on a q/q and more importantly y/y basis.
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