Hi vince,
Can you ping the switch? Did you dissable telnet/web? Have you tried another console program like "Tera Term Pro" checke the console settings (9600,8,n,1,none)? I know there are some problems with Hyperterminal.
If you get console connection and telnet/web are enabled I'd suggest to reflash the firmware with xModem the powerproblems could be a cause of your problems. If still no access call HP support. (But don't tell Support about the Powerproblems, that does void your warranty, see warranty statement)
Kind regards,
SCOOTER