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HD Televisions?

Hi, I have a Sagem HTD 501 axium 50 inch TV. Just tried to turn it on and the light goes from normal orange to flashing red for about 5-10 secs then the red stops flashing and it stays continous red. Does this mean the bulb has gone.TV is about 5 years old.
Is it worth spending what sounds like quite a bit of money on a new bulb?
Clive, June 2009
link Click here to see other fixes for Sagem HTD 501.