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H07 is a common error code for Panasonic DVD players. It means the traverse unit (spindle motor/laser assembly contained in one block) has failed. Usually it is the spindle motor part of this unit which fails first, (i.e. it doesn't spin the disc at all) causing the problem, but sometimes the laser can also fail as well. Because the motor and laser are contained in one device block, the whole part has to be changed, and this can only be done by an authorised service centre. The only trouble with that is the cost. Many DVD drives experience this (different brands giving different error codes) so it's not just confined to Panasonic.
There are only 2 ways to go here; either be prepared to spend a fortune in a workshop service to have the traverse block replaced/aligned (which would include a brand new laser), or simply buy a new player - which would give you a new remote AND an optional extended warranty if available; this would be considerably cheaper than repairing the old one.
Don't be put off from owning Panasonic - they are generally good products.
The problem with your unit is the "Spindle Motor", this motor is the one that spins the disc so the laser can read it. I sugest you to take your player to a shop, or back for service if the unit still under manufacturer warranty.
After calling Panasonic, they suggested pressing the reverse skip (<<) button, the pause button and the open/close button all at the same time. The DVD player will then say "initialize." Turn off the player and unplug it for about 1-2 minutes. Plug it back in and turn on the player and load a disc. If the HO7 error code pops back up, you need to take it to a dealership for service. Or, at the price of DVD players these days, just get a new one - which is where I'm going right now.
Awwwww The old HO7 code!! This code means that the spindle motor did not come up to speed and the only way to fix it is to first find out if its the driver servo circuit thats bad or the spindle motor itself is defective. If you know how to trouble shoot a motor speed control servo sure you can fix it, But theres no easy wand waving fix for this unit. Sorry. If its an older unit you want to consider buying a new one as it may not pay to estimate the unit and have it fixed . The balls in your court now my friend. Good Luck