EXHIBIT 23.4

              CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS


   We consent to the reference to our firm under the caption "Experts" included
in the Joint Proxy Statement of Hewlett-Packard Company and Compaq Computer
Corporation that is made a part of Amendment No. 2 to the Registration
Statement (Form S-4 No. 333-73454) and related Prospectus of Hewlett-Packard
Company for the registration of shares of its common stock and to the
incorporation by reference therein of our reports dated January 23, 2001, with
respect to the consolidated financial statements and schedule of Compaq
Computer Corporation included in its Annual Report on Form 10-K for the year
ended December 31, 2000, filed with the Securities and Exchange Commission.


                                          /S/ ERNST & YOUNG LLP


                                          Ernst & Young LLP


Houston, Texas

January 11, 2002