Changing Data Format On Select

Hey all,
I have a basic table that looks something like this.

CREATE TABLE MyTable
(
ID INT IDENTITY PRIMARY KEY,
Company_ID INT NOT NULL,
Round VARCHAR(50) NOT NULL,
Details VARCHAR(250) NOT NULL
)

It has a few rows of data that look like this:

Identity Company_ID Round Details
--------------------------------------------
1 5 A Blah, blah.
2 5 B Generic data, blah blah.
3 5 WERT More generic blah blah.


Now what i'm trying to do during my select statement is select all the rows
that belong to company_id 5 but if any of the rows round value contains the
text "WERT" convert that text into just a "--" for presentation purposes,
but still select that row. I can't seem to figure out how i would transform
the text in the select statement? My immediate thought was substring /
replace but i would need to combine it with an if else statement which i've
no idea how to make work in a select (sub-query maybe?) statement. Is this
possible? Perhaps i'm stuck iterating through the returned data within the
client application before presenting?

Any help, as always, would be greatly appreciated.

Muhd