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In this paper, we study local well-posedness for the Navier-Stokes \linebreak
equations with arbitrary initial data in homogeneous Sobolev spaces
for $d \geq 2, p > \frac{d}{2},\ {\rm and}
\frac{d}{p} - 1 \leq s < \frac{d}{2p}$. The obtained result improves the known
ones for and M. Cannone and Y. Meyer (1995). In the case of
critical indexes , we prove global well-posedness for
Navier-Stokes equations when the norm of the initial value is small enough.
This result is a generalization of the one in M. Cannone (1997) in which $p =
ds = 0$.

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