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                                                                    EXHIBIT 23.2

               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 21,126,566 shares of its
common stock and to the incorporation by reference therein of our reports
dated January 16, 2002, with respect to the consolidated financial statements
and schedule of Compaq Computer Corporation included in Hewlett-Packard
Company's Current Report on Form 8-K dated February 14, 2002, filed with the
Securities and Exchange Commission.

Houston, Texas

April 10, 2002