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We report on the results from the observations in very high energy band (VHE, Eγ ≥ 100 GeV) of the γ-ray binary LS I +61 303 and the black hole X-ray binary (BHXB) Cygnus X-1. LS I +61 303 was recently discovered at VHE by MAGIC1 and here we present the preliminary results from an extensive observation campaign, comprising 112 observation hours covering 4 orbital cycles, aiming at determining the time-dependent features of the VHE emission. Cygnus X-1 was observed for a total of 40 hours during 26 nights, spanning the period between June and November 2006. We report on the results of the searches for steady and variable γ-ray signals from Cygnus X-1, including the first experimental evidence for an intense flare, of duration between 1.5 and 24 hours.
LS I +61 303 is a puzzling object detected from radio up to very high-energy gamma-rays. Variability has recently been observed in its high-energy emission. The object is a binary system, with a compact object and a Be star as primary. The nature of the secondary and the origin of the gamma-ray emission are not clearly established at present. Recent VLBA radio data have been used to claim that the system is a Be/neutron star colliding wind binary, instead of a microquasar. We review the main views on the nature of LS I +61 303 and present results of 3D SPH simulations that can shed some light on the nature of the system. Our results support an accretion powered source, compatible with a microquasar interpretation.