Seems you have a BAD BIOS, it controls all peripherals of your laptop that's why it can't detect or goes BLUE SCREEN before it enters BIOS. Check what BIOS VERSION you have and update it using EMERGENCY RECOVERY DISK. Search Google for your BIOS info.
Sounds like your HDD may have gone bad. What is the name/number of the blue screen error? Google it and see what it means. It may be possible to reinstall the operating system to the original factory settings using the recovery partition (this is usually accessed by tapping F10 or F11 while booting, although I read somewhere that you might be able to gain access to the Toshiba recovery partition by pressing "0" (zero) while the computer is powering on).
You can try to recover the computer to factory settings. If your hard drive has enough life left on it, you might be able to then clone it to a new drive. Drive Image XML is a free software that will do this for you (get that from www.download.com). This way, when you clone the drive, you will also clone the recovery partition, so you don't lose that option. Once you have a new hard drive up and running, use the Toshiba Utility to make System Recovery Disks for the future.
One more thing: If you have recently upgraded/replaced the RAM - this might be your problem. Put the original RAM back in and see if the computer boots. If so, you found the culprit.
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Put the hard drive back in. try to go in to the bios. Does it hang? If it goes into the bios does it see the hard drive? Put in OS cd try to boot to it. then try to do install /repair of OS on hard drive..Let me know the out come
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