American Physical Society, Physical Review Letters, 11(84), p. 2481-2484, 2000
DOI: 10.1103/physrevlett.84.2481
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We formulate a theory of spin dependent transport of an electronic circuit involving ferromagnetic elements with non-collinear magnetizations which is based on the conservation of spin and charge current. The theory considerably simplifies the calculation of the transport properties of complicated ferromagnet-normal metal systems. We illustrate the theory by considering a novel three terminal device. ; Comment: revised paper, accepted for publication in Phys. Rev. Lett