It can be caused by many failed components as shown in my picrues here:
http://s807.photobucket.com/albums/yy352/budm/Princeton%20VL1918W/

Look for bad caps first since it is easy to do.

Basic LCD monitor and LCD TV troubleshooting guide:

http://www.fixya.com/support/r6150077-basic_lcd_monitors_troubleshooting

http://www.fixya.com/support/r5093881-lcd_flat_panel_tv_troubleshooting_guide

Failed TV, Monitors, Caps : http://s807.photobucket.com/home/budm/allalbums

Learn about bad caps: http://en.wikipedia.org/wiki/Capacitor_plague
Capacitor kits: http://lcdalternatives.auctivacommerce.com/ he can make you a set of caps for you.
Please post back what you find.