The Yellow Light of Death is one of the most common problems with see with the Playstation 3s. A YLOD is when your system will not turn on. Instead it beeps a couple of times, flashes yellow once, then starts flashing red. Many times a disk is stuck inside the PS3.
Essentially the Yellow Light of Death (YLOD) is an error code of the PS3 meaning that one of the components cannot be detected when the system goes to turn on. The most common cause of the YLOD is the solder under the RSX (Graphics Chip) fracturing.
This solder can be repaired if you have the right equipment. At Fix My Playstation we use Zephyrtronics rework stations & other equipment to insure you get a good and reliable YLOD repair. Our repairs have been perfected over hundreds of PS3s and is the reason we can insure repaired units with long warranties.
The YLOD repair is included in both the standard and premium flat rate repair.