Multi-walled carbon nanotubes (MWNTs) pre-treated by concentrated mixed acid or oxidized at high temperature were melt mixed with poly(methyl methacrylate) (PMMA) using a twin screw extruder. The morphologies and electrical properties of the MWNT/PMMA composites were investigated. The thermally treated MWNTs (t-MWNTs) were well dispersed, whereas the acid treated MWNTs (a-MWNTs) were highly entangled, forming large-sized clusters. The resulting electrical properties of the composites were analyzed in terms of the carbon nanotube (CNT) dispersion. The experimental percolation threshold was estimated to be $3 wt\%$ of t-MWNTs, but no percolation occurred at similar concentrations in the a-MWNT composites, due to the poor dispersion in the matrix.