One of the more significant results from observational astronomy over the p
ast few years has been the detection, primarily via radial velocity studies
, of low-mass companions (LMCs) to solar-like stars. The commonly held inte
rpretation of these is that the majority are "extrasolar planets" whereas t
he rest are brown dwarfs, the distinction made on the basis of apparent dis
continuity in the distribution of M sin i for LMCs as revealed by a histogr
am. We report here results from statistical analysis of M sin i, as well as
of the orbital elements data for available LMCs, to test the assertion tha
t the LMCs population is heterogeneous. The outcome is mixed. Solely on the
basis of the distribution of M sin i a heterogeneous model is preferable,
although no unique best-fit mixture can be determined. On the basis of the
distribution of orbital periods and eccentricities a homogeneous model is s
trongly preferable. Overall, we find that a definitive statement asserting
that LMCs population is heterogeneous is, at present, unjustified. In addit
ion we compare statistics of LMCs with a compatible sample of stellar binar
ies. We find a remarkable statistical similarity between these two populati
ons. This similarity coupled with marked populational dissimilarity between
LMCs and acknowledged planets motivates us to suggest a common origin hypo
thesis for LMCs and stellar binaries as an alternative to the prevailing in
terpretation. We discuss merits of such a hypothesis and indicate a possibl
e scenario for the formation of LMCs.