High-resolution electron microscopy has been used to study the microstructu
ral properties of top and bottom magnetic tunnel junctions. Different physi
cal properties have been found for the two configurations, and they have be
en interpreted in terms of microstructural features. All physical parameter
s favor the bottom configuration except for the coupling field, which is hi
gher for the bottom structure. This latter result has been explained by the
more pronounced roughness at the interfaces between the electrodes and the
insulator film. (C) 2001 American Institute of Physics.