LED #1
Indicates that the trickle voltage from the power supply has been detected by the main logic board. '''This LED will remain ON whenever the iMac is connected to a working AC power source.''' The LED will remain on even when the computer has been shut down or put to sleep. The LED will turn off only if the AC power source is disconnected or the power supply is faulty.
LED #2
Indicates that the main logic board has detected proper power from the power supply when the computer is turned on. '''This LED will be ON when the computer is turned on and the power supply is working correctly. No RAM or faulty ram will not allow the computer to boot'''... but you don't need it to boot to diagnose the problems that the LED lights indicate.
LED #3
Indicates that the computer and the LCD display are communicating. '''This LED will be ON when the computer is turned on and video signal is being generated.'''
LED #4
Indicates that the computer has power but no video signal (e.g., the computer is starting up or the display has entered Sleep mode, turning off the video signal). '''This LED will pulse when the entire system has entered Energy Saver mode.'''
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