We propose a magnetoresistive tunnel device that takes advantage of the spi
n filter effect. Two magnetic tunnel barriers are contacted by normal metal
electrodes. The resistance of the device is lower (higher) when the magnet
ic moments of the two barriers are parallel (antiparallel). We present a th
eoretical calculation of the magnetoresistance. This device has the potenti
al to work above room temperature, in very small fields, and to give a sens
itivity orders of magnitude larger than what is possible with standard magn
etic tunnel junctions. (C) 2000 American Institute of Physics. [S0021-8979(
00)04222-5].