sed help needed

I am trying to write a script that will parse a listing that I get from grep. The problem I am running into is that I cannot figure out how to get sed to remove a / from the line. I would appreciate any pointers on looking for the / or removing a whole path such as /usr/share/ or some like listing.
-SJ

sed "s/\///;"

you might want to check out commands basename and dirname

satyap is correct, that is the elegant way to do it
(only the ';' is superflous (in this exemple)) and
pay attention " is not '
an other way, tell sed to use an other field-sep, so
s/abc/qwe/g
is the same as
s,abc,qwe,g
but now 'abc' could be 'ab/c'
do you see ?
an other Q is: why sed the output of grep ?
why not just let sed do the whole job ? (it sure can it!!)

Reason I a, using grep to get initial out is that I am generating a PPD file and model name lising on the fly by using grep and the ModelName as my search term. This keeps me from having to update a file manually with the name of a model and the associated PPD.
Ok, the "sed "s/\///;" option seems like it should do the trick, but is there anyway to do it with a regexp?? Dont mean to be be choosy, but I thought about it afterwards and now I cant seem to let it go.
I will however use the initial solution as soon as I get into office in the morning

the reason why you use grep and sed is
you never checked: grep can a lot
and sed a lot more. so
a well constructed grep OR sed easy can replace a grep|sed
what is 's/\///' when NOT a regexpr ???

I guess I may not have clearly stated what I was trying to accomplish. What I am looking at now is having to have 's/\///' for each "/" character that I want to remove, I was hoping there may have been a more elegant solution to remove multiples at the same time instead of a single, or remove a "/" followed by a text string.
PS if you know how to get sed to seach each file in a specified directory for a particular string and and return the entire line I'm game for knowing. I'm a newbie to sed so please forgive my ignorance of its capabilities

sed "s/\///g"

(see, guggach, I removed the ; :-) )

I appreciate it tons.....