[Authors] M. V. Perel and M. S. Sidorenko [Title] Wavelet analysis in solving the Cauchy problem for the wave equation in three dimensional space [AMS Subj-class] 35L05 Wave equation 42C40 Wavelets 35E15 Initial value problems [Abstract] We propose a new method of solving the Cauchy problem for the wave equation in three-dimensional space. The method is based on continuous wavelet-analysis. We show that the exact non-stationary solution of the wave equation with finite energy found in [A.P. Kiselev, M.V. Perel: J. Math. Phys., 4, 41 (2000)] at any fixed moment of time should be regarded as a mother wavelet. It is a new three-dimensional axially symmetric wavelet which is given by a simple explicit formula as well as its Fourier transform. This wavelet has an infinite number of vanishing moments. We show that using the wavelet decomposition of the initial data we can find the exact formula for the solution of the Cauchy problem as a linear superposition of "Gaussian packets". [Keywords] wave equation, wavelet, initial value problem [Comments] LaTeX, English, 5 pp. The paper is submitted to the Sixth International Conference on Mathematical and Numerical Aspects of Wave Propagation Jyvaskyla, Finland, June 30 - July 4, 2003 [Contact e-mail] perel@mph.phys.spbu.ru