In 2007, Professor W. H. Butler who predicted giant magnetoresistance in Fe/MgO/Fe junction was awarded for "Theoretical prediction of giant tunnel magnetoresistance in Fe/MgO/Fe junction".
http://www.nims.go.jp/eng/news/nimsnow/Vol5/No9/feature2.html
Prof.
William Butler
Director,
Center for Materials for Information Technology (MINT)
University
of Alabama,
U.S.A.