Abstract

We have obtained the -rst broadband X-ray spectra of the nearby compact elliptical galaxy M32 by using the ASCA satellite. The extracted spectra and X-ray luminosity are consistent with the properties of the hard spectral component measured in giant elliptical galaxies believed to originate from X-ray binaries. Two ASCA observations were performed two weeks apart; a 25% Nux decrease and spectral softening occurred in the interval. We have also analyzed archival ROSAT HRI data, and discovered that the X-ray emission is dominated by a single unresolved source o†set from the nucleus of M32. We argue that this o†set, combined with the extremely rapid large magnitude variations, and hard X-ray spectrum combine to weakly favor a (single) X-ray binary over an AGN origin for the X-rays from M32. The nuclear black hole in M32 must be fuel-starved and/or accreting from a radiatively inefficient advection-dominated disk: the product of the accretion rate and the radiative efficiency must be less than D10~10 yr~1 if the X-ray source is indeed an X-ray binary. M _ Subject headings: galaxies: elliptical and lenticular, cD E galaxies: individual (M32) E galaxies: nuclei E X-rays: galaxies E X-rays: stars

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