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A blinking monitor just might be a loose connection of the main display cable that runs up the left side of the display and connects to the motherboard. Also check the two wire cable attaching the inverter to the screen. The bezel of the screen will have to be removed as well as the power strip and keyboard to check the display cable. Remove the lcd screen from its hinges and look behind the display, there is a flat cable that plugs into the top edge of the screen. This cable has a habit of getting loose and falling out of the socket.
Now there is a chance that the BIOS of the laptop needs to be updated. There are many instances where the display starts acting up and a BIOS update is the correct action to take. Go to the Toshiba support site, put in the model number and then put in your operating system. Scroll down to where the BIOS is listed under downloads/drivers. Download and install the new BIOS, reboot.
next to the F1 key and the windows key (2nd upper key and second to last key) are two screws, usually under some covering. unscrew and lift top edge of the keyboard towards the trackpad to lay face down. Undo the wire ribbon by lifting the grey or brown tabs and remove ribbon and keyboard. Then install the new keyboard by inserting the ribbon on the place. Lock down with the tabs and put the plastic prongs (close to the space bar) into the laptop body first, and then close keyboard onto the final position. screw back in and thats all. firstname.lastname@example.org for any additional questions.
at two years old it is basically exctinct already and the costs of laptops coming down so rapidly you can probably go on craigslist or ebay and find a cheap laptop that is working and ready to be portable. you can also try and sell the toshiba online for parts
Try uninstalling the drivers from the device manager, then do a hardware search. It will automatically find the touch pad and reinstall the drivers. If this doesn't work, then check the connector under the keyboard. Disconnect it and reconnect it, they sometimes work loose. If these don't correct the problem, then you have a faulty touch pad and you'll have to replace it.
It sounds like you need new hinges for your computer. I didn't see any for your particular model on eBay which would be the best place to look but you may be able to contact Toshiba and order replacement hinges.
To replace the hinges, you will need to remove the bezel from the LCE screen and possibly the power button board, depending on how your particular laptop is put together.