no, a bad connection it is
check the error codes here:
http://www.ps3devwiki.com/wiki/E3#Error_Codes
Code:
1 0 0 0 1 1 0 0 Failed to initialize PS3 BIOS Check pads / clip at PS3 board check may not be properly seated
samsung update is working to:
http://www.ps3devwiki.com/files/flas...ulti_consoles/