A small update for this peculiar machine, as it is driving me cRaZy and this might help someone in the future.
This pc has a special feature as it was meant to operate under your TV set in a standby mode. It is supposed to be able to instantly restore the last state of the machine so you can continue whatever it was you were doing by not waiting for it to boot.
It has a on/off power switch on the power supply (in the back of the pc) and it also has a ON/Standby micro switch on the front panel. I found out that my front panel is probably bad as the pc will enter standby mode right after the bios screen (before booting from a disk). Every once in a while it might just work and continue booting but it is very unstable so I decided to disconnect it by unplugging the tiny ribbon cable from the motherboard.
The original keyboard for this pc is wireless and is connected through infrared on the front panel. I don't have the original keyboard and I am just using a PS/2 keyboard and mouse. ( I don't have a clue if this is somehow affecting the strange behaviour). Note that I also checked the memory and it is fine, I even upgraded to 24mb by install a 16mb module. Another useful note is that it has a Goldstar GCD-R540B Cdrom Drive that needs a special driver (windows 95 boot discs will not detect it). The hard disk is a Conner CFS-425A drive 425mb (Cyl 839, Hds 16, Sect 62, Lzone 839, WPcomp 0)
With the front panel unplugged, Windows 95 is only booting in Dos Mode and Safe mode. Normal mode is just freezing. Normal mode is only working when the front panel is connected to the motherboard but as I said the pc rarely passes the bios boot screen with the panel connected.
With the panel disconnected I discovered that if you enter safe mode, go to Control Panel-> Power Option and disable Windows power management the pc manages to boot in Normal mode. My theory is that Windows power managemnt some how conflicts with the "instant on" feature and crashes. I don't have the original discs so maybe there is a special driver or setting that will allow it to co-exist.
For the moment the pc is working fine and I will try to find all the correct drivers and software. If there is any interest I will post more updates.
This is the front panel disconnected:
This is the riser card, I have nothing installed as VGA, sound card, MIDI, IDE, even SCART connections are on board.
The front panel is connected to the white connector via the ribbon cable,