  A hybrid ferromagnet-superconductor spin valve is proposed. Its operation
relies on the interplay between nonequilibrium transport and proximity-induced
exchange coupling in superconductors. Huge tunnel magnetoresistance values as
large as some 10^6% can be achieved in suitable ferromagnet-superconductor
combinations under proper voltage biasing. The controllable spin-filter nature
of the structure combined with its intrinsic simplicity make this setup
attractive for low-temperature spintronic applications where reduced power
dissipation is an additional requirement.
