Ab initio electronic-structure calculations on the Co(001)-HfO2(001) interf
ace are reported. The spin polarization of conduction electrons is positive
at the interface, i.e., it is reversed with respect to the spin polarizati
on in bulk Co. The electronic structure is very sensitive to the interface
structure; without atomic relaxations the reversed spin polarization is not
found. The possible relation with spin-polarized tunneling and magnetoresi
stance is discussed. [S0163-1829(98)08448-3].