  We theoretically studied spin dependent electron transport
perpendicular-to-plain (CPP) in magnetic laminated multilayered structures by
using Kubo formalism. We took into account not only bulk scattering, but the
interface resistance due to both specular and diffuse reflection and also spin
conserving and spin-flip processes. It was shown that spin-flip scattering at
interfaces substantially reduces the value of GMR. This can explain the
experimental observations that the CPP GMR ratio for laminated structures only
slightly increases as compared to non-laminated ones despite lamination induces
a significant increase in CPP resistance.
