The spin-dependent conductance and magnetoresistance (MR) in ferromagnetic
double junctions are studied theoretically, taking into account discrete en
ergy levels and a finite spin relaxation time. The basic results are applie
d to hybrid tunnel junctions, in which nano-scale grains ate embedded in th
e tunnel barrier. With increasing size quantization and spin relaxation tim
e the MR is found to be enhanced at low temperatures. (C) 1999 Elsevier Sci
ence B.V. All rights reserved.