Abstract. -Periodic atom chains of carbon-cobalt compounds, (CnCo)∞, comprise both conducting and insulating electronic properties simultaneously depending on the spin type of electrons, and hence are half-metals. Their band gap and the net magnetic moment oscillate with the number of carbon atoms in a unit cell. Finite segments of these chains also show interesting magnetic and transport properties. When connected to appropriate metallic electrodes the antiferromagnetic CoCnCo segments behave like molecular spin-valves, which can be conveniently manipulated.In earlier electronic transport studies, the spin-direction of conduction electrons was generally disregarded, in spite of the fact that spin orientation of electrons decays much slower than their momentum and consequently spin-coherence can be maintained relatively easily [1]. Current revolutionary applications using giant magnetoresistance in magnetic recording and nonvolatile memories have been derived from spin-dependent electronic transport (spintronics) [1][2][3]. Half-metals (HM) are a class of materials which exhibit interesting spintronics properties where electrons distinguished by their different spin orientation can assume different functions in the operation of the same device. This way, not only the capacity of information processing is doubled, but also new functions appear for important technological applications [4,5]. In HMs a 100% spin polarization is achieved, since the Fermi level (E F ) is populated by states having only one spin direction but the empty states of the electrons of opposite spin are separated from the occupied states by an energy gap E g . This situation is in contrast to the ferromagnetic metals, where both spins contribute to the state density at E F and spin polarization becomes less than 100%. Even though 3D ferromagnetic Heusler alloys and transition metal oxides exhibit half-metallic properties [6], their stoichiometry cannot be controlled easily and coherent spin transport is destroyed by the defect levels. HMs such as CrAs and CrSb in zincblende structure have been grown only in thin-film forms [7].In this letter we predict that periodic atom chains of carbon-cobalt compounds, (C n Co) ∞ , comprise HM properties. Owing to the broken spin degeneracy energy bands split; the bands of one spin direction become semiconducting, but bands of the opposite direction show a c EDP Sciences Article published by EDP Sciences and available at http://www.edpsciences.org/epl or http://dx