Giant magnetoresistance of order 4%-6% has been observed in fields of
5-10 Oe at room temperature in annealed multilayers of Ni80Fe20/Ag pre
pared by magnetron sputtering. For a wide range of NiFe and Ag thickne
sses, no giant magnetoresistance was observed in the unannealed films.
We attribute the appearance of giant magnetoresistance to a magnetost
atic interlayer interaction that promotes antiparallel order of the mo
ments in adjacent layers fostered by a breakup of the NiFe layers. We
discuss the effects of variations in the underlayers, spacer thickness
, and the sputtering process on the magnetoresistance. Our results sug
gest that maximizing magnetoresistance and minimizing hysteresis requi
re samples with continuous Ag layers that prevent contact between the
NiFe layers and NiFe layers that are discontinuous but not too severly
disrupted.