Hello Steve,
The most common problem with the L194WT monitors is a failure of the power supply board. There are parts called capacitors that fail and can cause the issue you have. Sometimes the power light will just flash, sometimes it takes several minutes to display a picture or even a wavy picture, all of these issues indicate a failing power supply board. These boards can be repaired if you can do a little soldering. The L194WT uses the same power board as the L196WTQ and we have a step by step repair guide with dis-assembly instructions available at http://www.ccl-la.com/blog/index.php/lg-l196wtq-bf-lcd-monitor-repair/ Look over the guide and check your board to see if your capacitors have bulged and need to be replaced.
I hope this helps, if so please rate our solution.
BuddyMc
Basic LCD monitor and TV troubleshooting guide:
http://www.fixya.com/support/r6150077-basic_lcd_monitors_troubleshooting
http://www.fixya.com/support/r5093881-lcd_flat_panel_tv_troubleshooting_guide
http://www.fixya.com/support/r7406380-tv_training_manuals
Failed TV and Monitors pictures: http://s807.photobucket.com/albums/yy352/budm/
Learn about bad caps: http://en.wikipedia.org/wiki/Capacitor_plague
Capacitors kit: http://lcdalternatives.auctivacommerce.com/ he can make you a set of caps for you.
Or www.digikey.com just make sure to use caps with low ESR, 105c, high ripple current, long life rating such as PANASONIC FM or FC series.
Basic LCD monitor troubleshooting guide:
http://www.fixya.com/support/r6150077-basic_lcd_monitors_troubleshooting
http://en.wikipedia.org/wiki/Capacitor_plague
Capacitors kit: http://lcdalternatives.auctivacommerce.com/ he can make you a set of caps for you.
Failed TV and Monitors: http://s807.photobucket.com/home/budm/allalbums
http://en.wikipedia.org/wiki/Capacitor_plague
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