EXHIBIT 21 SUBSIDIARIES OF REGISTRANT Hewlett-Packard Company's principal affiliates as of January 14, 1999, are listed below. AFFILIATES OF REGISTRANT INCLUDED IN REGISTRANT'S FINANCIAL STATEMENTS. State or country of incorporation or organization ----------------- Hewlett-Packard Puerto Rico California Hewlett-Packard World Trade, Inc. Delaware Heartstream, Inc. Delaware Microsensor Technology, Inc. California VeriFone, Inc. Delaware Hewlett-Packard Asia Pacific Ltd. Hong Kong Hewlett-Packard Caribe Ltd. Cayman Islands HP Computadores Brazil Hewlett-Packard Computer Products (Shanghai) Co., Ltd. China Hewlett-Packard de Mexico S.A. de C.V. Mexico Hewlett-Packard Espanola, S.A. Spain Hewlett-Packard Europe B.V. The Netherlands Hewlett-Packard France France Hewlett-Packard GmbH Germany Hewlett-Packard Holding GmbH Germany Hewlett-Packard (India) Software Operation Pte. Ltd. India Hewlett-Packard Italiana S.p.A. Italy Hewlett-Packard Japan, Ltd. Japan Hewlett-Packard Korea Ltd. Korea Hewlett-Packard Ltd. U.K. Hewlett-Packard (Malaysia) Sdn. Bhd. Malaysia Hewlett-Packard Malaysia Technology Sdn. Bhd. Malaysia Hewlett-Packard (Manufacturing) Ltd. Ireland Hewlett-Packard Medical Products (Qingdao) Ltd. China Hewlett-Packard Microwave Products (M) Sdn. Bhd. Malaysia Hewlett-Packard Penang Sdn. Bhd. Malaysia Hewlett-Packard S.A. Switzerland Hewlett-Packard Shanghai Analytical Products Co., Ltd. China Hewlett-Packard Singapore Pte. Ltd. Singapore Hewlett-Packard Singapore Vision Operation Pte. Ltd. Singapore BT&D Technologies Ltd. U.K. CoCreate Software GmbH Germany Shanghai Hewlett-Packard Company China Technologies et Participations S.A. France