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While there are things to check such as if the drive appears under my computer as a device, basically from your description your drive has failed. Usually you may see dvds either not writing or reading then commercial dvd's nt reading and finally it will not read commercial cd's. CD's require a lot less accuracy while reading and writing to a dvd require a much higher accuracy which is why they have problems first. These symptoms usually mean you have to replace the drive. They are not repairable.
Yours should be fairly new so the first thing to do here is check if you have warranty either extended store or oem warranty as that will cover the cost of the replacement drive. If not covered then the replacement drives are still fairly expensive on these. To buy a replacement drive you are looking at about $210. Since I don;t know where you are located I do not know who to recommend for a replacement drive. You can find hundreds of online stores by searching for "Compaq repair parts" then look for your model then the dvd/rw drive. This is a job you can do yourself so you can save on the labour. All you have to do is pull the battery, then undo one screw and pull the old drive out. Then put the new one in replace the screw and battery and use it. Takes longer to type this out then to do it. If that is tempting look for how to instructions that will either be in video or pictorial fashion on quite a few of these repair websites, If you are on a bit of a budget you can get a a external dvd drive for about $50 and then replace the dvd when the prices come down a bit.
First backup any materials that are being displayed currently to make possible diagnostic and resolutions. Once saved user details that may be irretrivable either on the computers hard drive or an external disk drive or USB port, the computer should be powered off momentarily. Power on the computer, a message should be displayed as indication of any available problems requirng users attension. Inspect the disk ports for disks still remaining that requiresd removal either as malfunct or to make way to diagnose the conditions. Second, Usually the computer require regular update acquireable on the internet. Locate from the task bar start funtions to click the update to compile all available malfunctions with computers. A networked computer would compile the condition and request to repair from either the internet or disk drivers. Allow the computer to install or run system updates.
These are typical symptoms of the drive itself having failed. Usually it starts off not wanting to burn dvd's then not wanting to read them. It can still read cd's at this point but eventually has problems with these as well. You may have seen errors or a lot of activity that also took longer to do the same thing and so on.
What happens is the drives read/write head gets out of alignment over time. DVD's need the most accuracy and fail first while the cd's are much more tolerant.
Unfortunately the only fix is replacement of the drive. The cost of the drive from a online laptop or parts place will be $50-$100. This is definitely something you can fix. You need to remove ONE screw, pull the drive out, and put the new one in and put that screw back in. The drive just pops in. Probably took longer to type this than it does to change the drive ;-]
Have a look online for the drive and keep an eye out for instructions on replacing it so you can see if you are comfortable doing it. Most places will have a pictorial guide and some have online videos. It really is simple so you can do it. If you do a search for laptop repair parts you will find several web sites. Just look for your model to find your drive. If you aren't find the contact button and email them. Most places are quite happy to help. Some places will have used drives while other will offer new parts for about the same price.
Take a Norwegian paper-clip, and straighten one end.
Insert that end into the small hole in the face-plate of the drive.
Push until you feel resistance.
Then, push another 1/8 inch (3 mm),
and the drive-tray should "unlock",
and you can manually & gently open the tray,
and remove any disk.
Then, take your computer to a qualified technician,
to get them to disassemble your computer,
remove the malfunctioning disk-drive,
sell you a new drive,
install the new disk-drive,
reassemble your computer,
and test it.
there two screws on bottom case below the dvd drive, who atach the drive steady, take this out and pull the drive out carefully, normaly use a flat small screwdrive, change it check for new one has the same screw holes positions
Your DVD drive may have gone out and no longer function. A quick but temporary cure is to open your CD drive and then turn off your computer and move the mechanism that the laser is on around on it's path for a minute and then turn it back on, but chances are it will have to be replaced.