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To test the idea that ultraluminous X-ray sources (ULXs) in external galaxies represent a class of accreting intermediate-mass black holes (IMBHs), we have undertaken a program to identify ULXs and a lower luminosity X-ray comparison sample with the highest quality data in the {it Chandra} archive. We establish as a general property of ULXs that the most X-ray-luminous objects possess the flattest X-ray spectra (in the {it Chandra} bandpass). No prior sample studies have established the general hardening of ULX spectra with luminosity. This hardening occurs at the highest luminosities (absorbed luminosity $geq5times10^{39}$~erg~s$^{-1}$) and is in line with recent models arguing that ULXs are actually stellar-mass black holes. From spectral modeling, we show that the evidence originally taken to mean that ULXs are IMBHs - i.e., the simple IMBH model - is nowhere near as compelling when a large sample of ULXs is looked at properly. During the last couple of years, {it XMM-Newton} spectroscopy of ULXs has to a large extent begun to negate the simple IMBH model based on fewer objects. We confirm and expand these results, which validates the {it XMM-Newton} work in a broader sense with independent X-ray data. We find that (1) cool-disk components are present with roughly equal probability and total flux fraction for any given ULX, regardless of luminosity, and (2) cool-disk components extend below the standard ULX luminosity cutoff of 10$^{39}$~erg~s$^{-1}$, down to our sample limit of 10$^{38.3}$~erg~s$^{-1}$. The fact that cool disk components are not correlated with luminosity damages the argument that cool disks indicate IMBHs in ULXs, for which strong statistical support was never found.
We present the results from an X-ray and optical study of a new sample of eight extreme luminosity ultraluminous X-ray source (ULX) candidates, which were selected as the brightest ULXs (with L_X > 5x10^40 erg/s) located within 100 Mpc identified in
The nature of ultraluminous X-ray sources (ULXs) -- off-nuclear extra-galactic sources with luminosity, assumed isotropic, $gtrsim 10^{39}$ erg s$^{-1}$ -- is still debated. One possibility is that ULXs are stellar black holes accreting beyond the Ed
We review the likely population, observational properties, and broad implications of stellar-mass black holes and ultraluminous x-ray sources. We focus on the clear empirical rules connecting accretion and outflow that have been established for stell
We describe a new method to estimate the mass of black holes in Ultraluminous X-ray Sources (ULXs). The method is based on the recently discovered ``variability plane, populated by Galactic stellar-mass black-hole candidates (BHCs) and supermassive a
While many observed ultra-luminous X-ray sources (ULXs, Lx > 10^39 erg s^-1) could be extragalactic X-ray binaries (XRBs) emitting close to the Eddington limit, the highest-luminosity ULXs (Lx > 3x10^39 erg s^-1) exceed the isotropic Eddington lumino