SETI, or the Search for Extraterrestrial Intelligence, is a scientific effort seeking to determine if there is intelligent life outside Earth. SETI researchers use many methods. One popular method, radio SETI, listens for artificial radio signals coming from other stars. SETI@home is a radio SETI project that lets anyone with a computer and an Internet connection participate.
It has been started by the university of berkeley and uses Internet-connected computers in the Search for Extraterrestrial Intelligence.
they plan to use the collective computing power of computers all over the world to check data integrity of signals, remove radio interference and identify probable candidates (or ET's

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to learn more about it..see this link
http://setiathome2.ssl.berkeley.edu/index.html
this project is being supported by SUN microsystems, University of California, Planetary Society, nVIDIA, Fuji, HP and other companies.
the tech details are here
http://setiathome2.ssl.berkeley.edu/learnmore.html
the planetary society homepage is here
http://www.planetary.org/html/UPDATE...en_signal.html