Gigablue HD Quad won't start

When I power up the box only the red LED illuminates.

It hangs there without booting.

I really need help to troubleshoot the cause.

Here is the chronology of events:

1. Hook up power cable, CAT5 cable, RG6 connector.
2. Power up the box
3. Booting seems to look normal.
4. Configure the language, timezone and network. DHCP turned to off as I am using fix IP which is 192.168.1.5
5. Reboot the box.
6. Stuck here after reboot with the blue LED illuminates.
7. After a long wait, I powered off the box and powered up again.
8. From here it stuck with the red LED illuminates.

Tuners not yet configured.