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When my PE looses power completely (i.e. the red light starts to blink) it generally needs to be reflashed. In fact, it usually does it by itself (i.e. when I plug it in, then turn it on it does some sort of updating evidence because it goes to the setup wizard at start up although apps are still there it loses some data). I think it is due to the faulty memory hardware it uses. If all else fails try to reflash.
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