Phillips is known for their transport problems in the industry. It's probably the laser and would be too expensive to repair. You could try cleaning the laser. Do you smoke?
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I do not think it is the laser.
First, take the cover off and see if you can move the tray by hand. Leave it unplugged for a day, then try to use it. (after moving the tray by hand.) Put a disc on the tray, working or not, push the tray in place, start it spinning by hand with the power on. see if it reads the disc.
I nonthing works, your player may be not worth fixing. I had a high quality Philips, and all that was wrong was a bad capacitor in the power supply.
It is a good machine, worth investigating. At least open up the cover to look! and inspect the circuit boards for leaking caps.
kee it unplugged for few days. I don't think the laser went though. Seems like a problem elsewhere. It may be fixable. To find out it will cost you whatever the tech charges per hour at your local authorized Philips repair shop. Should not be more than an hour's worth of work to figure out what's wrong.
The issues with this unit are well known and usually involve, IIRC, the Furore and Mace chips. Even if you can find new ones, they will likely fail too. Do a search over at Audio Asylum in the Hi-Rez Highway Forum. Philips washed its corporate hands of this player some time ago. Who knows, though? If you pitch enough of a fit, you might get some money back or credit toward a newer Philips player.