Title: Tate cohomology of circle actions as a Heisenberg group Author: Jack Morava AMS classification: 19Dxx, 57Rxx, 83Cxx Address: The Johns Hopkins University Baltimore 21218 Maryland e-mail: jack@math.jhu.edu Abstract: This is a revision of an earlier posting, with a similar name; the paper has been reorganized, and some howlers related to the Segal conjecture have been eliminated: We study the Madsen-Tillman spectrum \CP^\infty_{-1} as a quotient of the Mahowald pro-object \CP^\infty_{-\infty}, which is closely related to the Tate cohomology of circle actions. That theory has an associated symplectic structure, whose symmetries define the Virasoro operations on the cohomology of moduli space constructed by Kontsevich and Witten.