Yeah, what Chino said. If it's a Samsung, even more likely. I've brought quite a few Samsung monitors back from the dead by replacing bad caps. There are two boards inside a monitor. One's the power supply board and the other is for signal processing. Usually the caps will fail on the PSU board. If your monitor is currently toast, then you really have nothing to lose by CAREFULLY disassembling it and taking a look inside. If any of the caps are bulging or leaking, replacing them will probably solve your problem. Personally, I really suck at soldering. I'll usually take the board to a electronics shop, any TV repair shop will do, and they'll replace all the caps for about $20. It's $5 worth of hardware and 15 minutes of their time. Success rate is about 75%, with a couple that weren't reparable. Still, gambling $20 is better than giving up and blowing $150 on a new one, IMO.
The other thing that might go bad is the backlight, and you won't be replacing that. A new monitor would be much more cost effective.