Exhibit 99
       Daniel Baker, NVE Corporation, interviewed by Susie Jones
                      KCCO (AM 950), Minneapolis
                       March 15, 2002; 4:43 p.m.

Jones: Welcome to "Feature Focus." We have the President & CEO of NVE
Corporation based in Eden Prairie, Dan Baker. Welcome to the program.

Baker: Thank-you, Susie. It's good to be on the program.

Jones: Nice to have you with us. Let's start out with a little bit about the
company. You were in the news yesterday... awarded $750,000, a contract with
by the U. S. Air Force Research Lab. What is that you do, and tell us more
about the company.

Baker: OK, what NVE does is we make practical "spintronics" devices, and many
experts believe that spintronics represents the next generation of
microelectronics--the successor to the transistor.

Jones: What is "spintronics"?
Baker: Spintronics uses electrons' spin to store and transmit information,
where conventional electronics use the charge of electrons and that's slower,
and also when the power is removed, the charge goes away and the information
is lost. So spintronics yields persistent data, it's much faster, and allows
miniaturization that wouldn't be possible with conventional technology.

Jones: And how will this be used by the Air Force then?
The Air Force has a number of applications--there are commercial as well as
military applications--but the Air Force might use it in high-speed data
transfer such as satellites, aircraft--inside aircraft, and broadband
networks.

Jones: I understand that your company has had a number of these contracts...
totaling some--what? Five million dollars?
Baker: Yes, that's correct. It's a credit to our team, and the government
likes what our technology can do, especially post 9/11. We have contracts
with the Army, the Navy, Air Force, National Science Foundation. And we work
on high-speed data transfer like this most recent grant, as well as things
like ultra-precise sensors to detect land mines, bombs, concealed weapons--
even biological agents such as anthrax.

Jones: Dan Baker is our guest, he is President & CEO of NVE Corporation based
in Eden Prairie. So you talked a little bit about 9/11--obviously that changed
things for your company?
Baker: It has. Of course it was a terrible tragedy, but it's focussed some
government resources on being able to detect threats, and to be able to
transmit information where it needs to go, and that's what NVE specializes
in.

Jones: Dan, how long has NVE been around, and what does it stand for?
Baker: NVE was founded in 1989. Our founder, Dr. Jim Daughton, is one of the
world's foremost experts on spintronics. The name stands for "nonvolatile
electronics," and "nonvolatile" means that the data stays put when the
power's is off. That's one application of spintronics, which is our enabling
technology, and what that could be is: if you imagine a computer where data
and programs stay in memory, and there's no need for boot-up off of a hard
disk.

Jones: OK. And you changed it to "NVE" after being Nonvolatile Electronics
because you had broadened your area then with the company?
Baker: Exactly. Nonvolatile electronics is one of the things that we do, but
also we make a number of other products that are based on spintronics, and so
"Nonvolatile Electronics" was a little bit too limiting for us.

Jones: Dan Baker our guest, he's President & CEO of NVE Corporation in Eden
Prairie. How many people do you employ in the Twin Cities, here, and then
beyond?
Baker: We have approximately 65 employees, and most of them are here in the
Twin Cities. We also have an international sales operation, but we're based
right here in Eden Prairie, and it's a great place to have a business and a
semiconductor company.

Jones: And Dan, you mentioned--obviously you were talking about the
government--other clients that you have dealt with, other customers over the
years? Has it predominantly been the government?
Baker: It predominantly has been the government historically, but recently
we've forged partnerships where we provide technology to leading electronics
companies including Agilent Technologies, Honeywell International, Motorola,
and we're proud to have a customer list that's reads like a "who's who" in
high-performance electronics. Robert Bosch, St. Jude Medical here in
Minneapolis...

Jones: Just to name a few then, huh?
Baker: Yes.

Jones: So then you are public--a publicly-traded company?
Baker: Yes, we are. We went public in 2000; our symbol is "NVEC."

Jones: OK, and how have the numbers looked the last quarter?
Baker: They've looked very good. In the last quarter, which was the quarter
ended December 31, our commercial product revenues were up 138%...
Jones: Wow...
Baker: ...and we've been able to consistently grow those commercial product
revenues very rapidly. We're very pleased with the reception to our products.

Jones: And what does it look for you like in terms of guidance and outlook,
and future in the industry?
Baker: Well, we see a very bright future. In the short term, we need to grow
our production and our distribution infrastructure to keep up with the demand
for our products, but we feel that we have a once-in-a-lifetime chance to
transform the electronics industry with practical spintronics. Spintronics is
estimated to be a $100 billion market...

Jones: Wow...
Baker: ...so we feel very fortunate at NVE to be part of something very
special.

Jones: Dan, we appreciate your time this afternoon. How long have you been
with the company as the CEO and president?
Baker: I've been with the company a little over a year.

Jones: And you're enjoying yourself thus far?
Baker: Immensely.

Jones: Wonderful.
Baker: It's a great company and a great opportunity.

Jones: Well, we appreciate your time on KCCO as being our "Feature Focus"
this hour.
Baker: Thank-you, Susie.

Jones: And have a great weekend.
Baker: You too. It's been my pleasure.

Jones: All right. Dan Baker, President & CEO of NVE Corporation with us this
afternoon on KCCO, AM nine-five-oh, Twin Cities business radio.