I have a blinking red light and it wont cut on

I fixed this problem in my DVP642 by replacing a capacitor on the main power board where the power chord hooks in. Take the top cover off (after unplugging player). You'll be able to locate the bad capacitor on the circuit board located on the very right. Look for location marked c316 on the circuit board. A bad capacitor will be bulged up on top. The capacitor you're looking for will be a black barrel shape with an aluminum top, this aluminum top will be bulged up or leaking on the circuit board. Replace this capacitor by desoldering the two leads into the board and replacing with an identical part you can pick up at Radio Shack for a couple dollars. My repair for this identical problem was a success. The blinking light is the tip off for this particular problem on these Phillips models.

Check

http://www.fixya.com/support/t2763934-philips_dvp642_dvd_player_blinking_red

Problem is solved there!