The discoverers suggested that the effect is based on spin-dependent scattering of electrons in the superlattice, particularly on the dependence of resistance of the layers on the relative orientations of magnetization and electron spins. The theory of GMR for different directions of the current was developed in the next few years. In 1989, Camley and Barnaś calculated the "current in plane" (CIP) geometry, where the current flows along the layers, in the classical approximation, whereas Levy "et al." used the quantum formalism. The theory of the GMR for the current perpendicular to the layers (current perpendicular to the plane or CPP geometry), known as the Valet-Fert theory, was reported in 1993. Applications favor the CPP geometry because it provides a greater magnetoresistance ratio (δH), thus resulting in a greater device sensitivity.