Hello,
A flashing power light indicates a failure of the power supply, this will also cause the white screen. Here is a link to a page showing what parts need to be replaced to repair the power supply board and get your monitor back running again.
http://www.ccl-la.com/blog/index.php/gateway-fpd1975w-monitor-repair/
I hope this helps, if so please rate my solution,
BuddyMc
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