MERX Merix (MM)

CUSIP NO. 590049102 Page 2 of 4 Pages


1) Name of Reporting Person(s)
 I.R.S. Identification No. of Above Person (entities
 only)

 Paradigm Capital Management, Inc.
 14-1770168

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2) Check the Appropriate Box if a Member of a Group
 (a)_____
 (b)_____

 Not Applicable

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3) SEC Use Only

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4) Citizenship or Place of Organization

 New York
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 NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
 (5) Sole Voting Power 1,642,637
 (6) Shared Voting Power -0-
 (7) Sole Dispositive Power 1,642,637
 (8) Shared Dispositive Power-0-

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9) Aggregate Amount Beneficially Owned by Each Reporting Person

 1,642,637

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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 Not Applicable

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11) Percent of Class Represented by Amount In Row (9)

 7.51%

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12) Type of Reporting Person

 IA

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CUSIP NO. 590049102 Page 3 of 4 Pages

Item 1(a) Name of Issuer:

 Merix Corporation

Item 1(b) Address of Issuer's Principal Executive Offices:

 15725 SW GREYSTONE CT, SUITE 200, BEAVERTON, OR 97006

Item 2(a) Name of Person Filing:

 Paradigm Capital Management, Inc.


Item 2(b) Address of Principal Business Office:

 Nine Elk Street, Albany, New York 12207

Item 2(c) Citizenship:

 A New York State Corporation

Item 2(d) Title of Class of Securities:

 Common Stock

Item 2(e) Cusip Number:

 590049102

Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-
 (b) or 9c), check whether the person filing is a:

 (e) [X] an investment adviser in accordance with 240.13d-1(b)
 (1)(ii)(E).

Item 4. Ownership.

 (a) Amount beneficially owned: 1,642,637

 (b) Percent of class: 7.51%

 (c) Number of shares as to which the person has:

 (i) Sole power to vote or to direct the vote:

 1,642,637

 (ii) Shared power to vote or direct the vote:

 -0-

 (iii) Sole power to dispose or to direct the disposition of:

 1,642,637

 (iv) Shared power to dispose or to direct the disposition of:

 -0-



CUSIP NO. 590049102 Page 4 of 4 Pages

Item 5. Ownership of 5% or Less of a Class.

 If this statement is being filed to report the fact as of the date hereof
 the reporting person has ceased to be the beneficial owner of more than five
 percent of the class of securities, check the following [ ].

Item 6. Ownership of more than 5% on Behalf of Another Person.

 All securities reported in this Schedule 13G Report are owned by advisory
 clients of the Reporting Person.

Item 7 Identification and Classification of the Subsidiary Which
 Acquired the Security Being Reported on by the Parent Holding Company or
 Control Person.

 Not Applicable

Item 8 Identification and Classification of Members of the Group.

 Not Applicable

Item 9 Notice of Dissolution of Group.

 Not Applicable

Item 10. Certification.

 By signing below I (we) certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the Issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.

 SIGNATURE

 After reasonable inquiry and to the best of my (our) knowledge and
belief, I (we) certify that the information set forth in this statement is
true, complete and correct.


Dated: February 11, 2010


PARADIGM CAPITAL MANAGEMENT, INC.

By /s/ John V. Gulick
John V. Gulick, Chief Compliance Officer
Telephone: (518) 431-3500

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