The unusual beeps usually occur when the lens cannot be extended or retracted, often due to dirt in the gearing or the lens cap being left on.
Try using canned air to blow around the outside of the extension cylinder, and, putting a fresh set of batteries in the camera (it probably got stuck on since it couldn't fully retract the lens and didn't complete the shutdown).
If that doesn't work, try taking it to a camera store with repair technicians and having them take apart and clean the lens extension/retraction mechanism.
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It sounds like some part of the power zoom mechanism has failed. It could be repairable but with the age of the camera I doubt it would be worth it- something else may fail and a newer camera would also provide improved image quality.
If you were able to take one shot before the camera packed up it can be that the battery does not have charge on it and so after the first shot it has drained the battery. So check out the charge on it or repeat charging to test once again.
Other wise it can be that the camera control unit is faulty. Try and reset by removing battery for a while and trying once again.
That's a crying shame. I believe that spares are no longer available for this unit (which is, IMHO, one of the very best prosumer digitals ever built).
Your best bets would be to take it to a local camera service center, or, to look on eBay for a used C5050 or C8080 (8MP with most of the same capabilities and some improvements, but, not quite as good an aperture) for a very reasonable price in good condition.
I know that's less than ideal, but, after a great deal of research on a similar problem with my C5050, that's where I ended up.
You can replace the lens on the camera through a authorized service technician, but often with digital camera repairs the cost of the repair exceeds the price of the camera. I would have the camera looked at by an authorized service tech.
update, possible solution.. I pulled the batteries for 24 hours, attempting to force a reset of the camera. Today it worked, took pictures and zoomed just fine. I shut it off after about 10 pics and turned it back on and back to the start... Took the batteries out for a few minutes and put it back in and back in business. Hope this helps at least get SOME functionality out of it. This won't serve as a long term solution for me, but perhaps will lead towards a full answer.