XG TECHNOLOGY (XGT).

xG Technology's shares have tripled since floating on Aim last August, but the company has demonstrated little to back up the hype surrounding its low-cost, long-range wireless broadband technology, xMax.

The shares gained momentum after Telefonica Mexico agreed to test xMax, and xG says it signed a similar deal in the UK - rumoured to be with National Grid Wireless. But a spokesperson there declined to comment, adding that its normal policy was to announce such agreements. For the rest of Europe, xG now seems to have abandoned its original 'asset-light' approach to de