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Power supply board have dead capacitors.U know how to solder?Replaced these capacitors that bulge up,puff up or burst open.Should get ur power back.Or replaced a whole power refurbish power supply buy it at Shopjimmy.com,Ebay.com.
One of two issues/problems: 1) Main Power supply problem 2) High Voltage Power supply problem. A Good TV Service Shop that works on Philips would be the first place I'd call. It will be much cheaper to bring the TV into the shop instead of having a tech come out to your location. Possibly a $200 to 300 dollar repair. Blessings, A/V Media Guy
Most likely it going to be a power supply related problem. The red blinking light is a code for a TV tech to diagnose the problem on the power supply board itself or the board that regulates the power for the screen. Some manufactures call it a Backlight Inverter Board. A TV repair shop should be able to look at it for you and tell you which board is bad.
Replacement boards can be found at a good price at Shopjimmy.com
Most likely it is a power supply problem. The flashing red light is a code for the service tech to look at a certaincircuit pathway on the power supply board.
You can usually find a Service Manual on the internet for less than $20. It will have everything on the red light codes and other valuable information about repairing your TV.
It is most likely a power supply failure and if there had been no signs of problems in the video display, it is probably the main power supply rather than one dedicated to the plasma display itself.
You might leave it unplugged overnight to give any stored charge inside the unit a chance to bleed off, the remove the back panel.
The primary supply is normally on a separate board and is characterized by having mostly larger components, including one or more transformers with black ferrite cores.
The main supply will be associated closer to the AC input while the high voltage supply which may or may not be separate is not.
If you can locate the board with some confidence, check it visually for any signs of heat such as discoloration of board or components.
If it seems OK it may be a candidate for exchange or repair by Philips.
I wouldn't advise removing and sending it before you talk to Philips to see if this is a familiar problem to them.
it could have over heated you can try to reset it first unplug it for about five minutes and try to turn it on if that dont work the remote might have a set button try holding that down until the red light flashes twice, then turn it on if not then hold the power button down on the set for a good five seconds to see if that resets it. if none of that works you will have to go to panasonic .com for the reset instructions.with the red light blinking the power supply is most likely good you just need to reset i.