CRASH

It may not be seated right. or you may have fried it :( Make sure its in there correctly, and is there a chance you might of taken something else out or knocked it loose. How many beeps are there and are they in a series of beeps or just continual?

go to http://bioscentral.com/ this will tell you
what the beep codes mean hope this helps

i would carefully pry the chip back out and examine all the leads. maybe one got crimped up underneath. take small flat nose pliers and carefull straighten if that happened. if pin breaks off you may still be able to fix with tacked wire...also make sure chip is oriented correctly. examine chip see if you can find marking for pin one. will be silkscreen dot or maybe the number one. if you have inserted the chip oriented wrong it is possible you damaged it by putting power on a ground lead or like that...
did you examine any other chips? like RAM simms? or BIOS? reseat everything...re-think to make sure you didn't change something else but fear you've damaged the processor so you neglect to examine other areas...maybe it is just something simple like video card needs reseating or ram not quite right. i think it is hopeful you are getting beeps not just dead

touch the case while it is plugged to the AC outlet (but off), then pull the plug in back of the computer out. Remove the CPU again examine the pins on the bottom for bent or broken ones. reinstall the CPU seating it firmly and locking down the latch lever properly. As one of the answers mentioned youi may have bumped something else so re-seat everything in the vicinity.

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