Hi,
If the display is working, for example, the start up screen comes up when you turn the camera on and you can review old pictures....then, the problem is with the CCD. This is the sensor that picks up the light to produce the image. The CCD has either failed or the connection to it is broken, Unfortunately, the cost to repair this model camera is more than the cost of a new one ($100+). I suggest that you replace this camera.
However, if LCD panel is at Fault, you could replace it. Sending the Unit for repair won's make any sense as it would cost you really High. There is one more catch - The LCD panel for this Model is not easily available. So taking all this into consideration - Time, Money, Value - I would advise you to buy a new one or Even used on around 120 bucks ( Without any repair or damage ). That would value more than this.
Note - If CCD is at Fault, few brands like Sony would replace that without any Charge. In that case, Contact Olympus, if they are also replacing it without any Charge.
Let me know, if needed further assistance.
Hope i helped you.
Thanks for using ' Fixya ' and have a nice day!!
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