I have had Philips DVP642 DVD player for well over 4 years. I bought it because it could play PAL as well as NTSC. Moreover, a simple unlock code entered via remote made it region-free which allowed me to watch DVDs from Europe.
Well eventually it died, and would only blink the red power LED. Fortunately, a quick search for “DVP642 power LED blinking” revealed that it might be easy fixable just by replacing capacitor C316 that has a tendency to go bad in DVP642. I opened the DVD player, found capacitor C316 and indeed it was bulged.
I did not have a spare 1000µF 10V capacitor at home, so I got a replacement from RadioShack. The closest they had was 1000µF 35V for $1.59. Still it was small enough to fit in the place of the old one.
Once the new capacitor was soldered in, I powered the DVD player and it worked perfectly fine.
UPDATE: has been almost half a year and the player still works fine with the replacement capacitor.