QUOTE(Infamous Ob @ Aug 17 2008, 10:22 PM)
There are many reasons for this issue you can try one of the solutions
1- Disconnect the ps3 from the power for around 5 min then switch it on.
2- Reset the ps3 by holding the power button for about 10 sec it will give two beeps then switch it on.
3- Reset the controller by pressing the small button in the back of the controller with small needle while the ps3 is off.
4- Change the power cord or check the power connections.
Try them and good luck.
unfortunately, those steps RARELY work...there is a more esoteric fix for this problem. it prolly partially involves changing the temp sensors for the gpu/cpu. there is no ez fix for this im aware of. hopefuly someone can post his experience on fixing this annnoying problem. i have 20 or so units laying around with the redblinking light/3beeps. we tried overheating and reflowing the gpu/cpu with a heatgun as in the xbox360 and that has never worked for me, so the problem prolly isnt melted bridges solder. i am currently swapping motherboard ics from one good board to another to see which ic is responsible for the suspended hold error status. it just needs a resetting of some sort to allow the ps3 to follow through with a normal boot process...so frustratin...