It smacks of a ram problem, maybe tarnished sockets. Be sure the chip simm is in the right socket and is indeed a chip simm.
Look the Pins in the psu plug over well, if 1 is tarnished or spread open a bit it may be a bad connection problem, usually on the +5v wire.
Reseat the A3640 accelerator board and make sure its on the plastic standoff pins.
Have the caps leaked on the A3640? they are known to eat a trace under the leaking caps at times.
check all jumper blocks. move them on the pins and be sure they are making contact.
Mech
I have another machine that's working, so I can move in known working
parts -- and I have done some of that (PSU and CPU card), without success.
I don't want to mess with my working machine too much or I might end up
with two non-working.
Memory & sockets look good. I removed the fast ram, which did not help at all.
PSU is good. I tried my other (working) PSU with same result.
Reseated A3640, no help. Still same problem if I insert my working A3630 too.
No leaky caps anywhere, as far as I can tell. The machine looks damn good and clean,
much better than my working machine.
All jumper connections checked.
THE POWER LED is flashing about once per second. Does that have
any specific meaning?
Any other suggestions, anyone?