Okay not on vacation yet
Are you able to give some more details on the machine? Brand, model, and any other specifications will help.
Because the machine is powering on and I assume staying on until you turn it off, the PSU is likely okay, but cannot be ruled out yet.
I forgot to ask, do you have any USB hard drives plugged into the machine? If you do try unplugging these and boot again.
Does the drive make any clicking, surging or odd noises?
Other than that the easiest way to tell if a drive is faulty would be to grab a spare USB pen drive, a 2GB drive is enough.
Note that this will require you to format the USB drive so back up everything on it if you want to keep it.
Use another machine to follow these instructions:
http://www.ubuntu.com/download/desktop/create-a-usb-stick-on-windowsBoot from the USB, try tapping F8,F9 or F12 while the BIOS first screen is on your monitor, one of these should give you a boot device selection screen.
If Linux boots and you can access the drive, navigate folders etc the drive is 99% likely okay.
I admit the I noticed the purple U up in the top corner, this could be a symbol meaning that BIOS completed its tests successfully. It could also mean the BIOS has had to halt but I cannot seem to find any information on a purple U in the top corner.
EDIT: had another thought just now, unplug the Hard drive and see if the BIOS progresses further, giving a message similar to "Operating System not found".