Bob,
The symbol represents megaohms.
Carl T
http://en.wikipedia.org/wiki/Siemens_(unit)
http://en.wikipedia.org/wiki/Siemens_(unit)
Another tip is: 'M' used to stand for x1000 (Roman numeral for one thousand), but now 'K'(kilo) is x1000 and 'M'(meg) is x1000000.
Not to get off-topic but capacitor value expressions have also changed. I never had nanoFarads growing up and it seems to be the standard measurement now. The new 3-digit nomenclature, the 3rd digit is the decimal placement (like scientific notation). i.e.: .001uF = 1nF = 1000pF = '102'