EXHIBIT 23.1

               CONSENT OF INDEPENDENT AUDITORS, ERNST & YOUNG LLP

         We consent to the reference to our firm under the caption "Experts" in
the Registration Statement (Form S-3) and related Prospectus of Hewlett-Packard
Company for the registration of up to 21,156,566 shares of its common stock
related to the various option plans to be assumed in the Compaq Computer
Corporation acquisition and to the incorporation by reference therein of our
report dated November 13, 2001, except for Note 19, as to which the date is
December 6, 2001, with respect to the consolidated financial statements and
schedule of Hewlett-Packard Company in its Annual Report on Form 10-K/A for the
year ended October 31, 2001, filed with the Securities and Exchange Commission.

San Jose, California

April 10, 2002