You must have a matching Fomatter board and hard drive. AND it must be the correct Revision number, either A or B. You can find that number on the back of the printer - for example, Q6718A.
If you put any incorrect combination, either hard drive or formatter board in, it will not work.
Assuming your printer is an "A" version, and assuming you put in a NEW Rev. A formatter and hard drive, when you restart the printer, it will go immediately into FSCK (File System Check), then will throw an error. Press the "turn off printer" button from the front panel and the printer should shut down. Wait briefly, then press the start button, and the printer should come on and this time initialize, but you must give it a lot of time. If it does not initialize, shut the printer down from the front panel again, and if required, try this exact same procedure at least three times.
If after the third time, no go, turn off the printer again from the panel. Then turn the on/off switch in the back to off, then unplug the printer AND the network cable. Let the printer sit for at least a half hour (this resets the machine), then making sure the on/off button in the back is still set to "off", replug in the power cord, (but NOT the lan or USB cable), then turn on the power switch in the back to "on". Watch to see if the printer initializes, then watch for errors. If it throws another startup error, power the unit off again from the front panel button. Then power the print back on with the front panel button.
Do not plug in the LAN or network cable until the printer has fully initialized. If it initializes and says it's ready for paper, then and only then, plug in the LAN cable and be patient for the network ID to come up. It takes a little while.
Now if your printer is a Rev. B model, you must have a NEW matching Rev. B Formatter and Hard Drive.
One thing you can try if the printer begins the FSCK but gets hung afterwards, and it takes a LONG time, is to do the shutdown, pull the plug method as described above, and then pull out the formatter board with matching hard drive, and remove the battery from the formatter card. Let it all sit for a half hour, then put the battery back in, then the formatter card with hard drive and try the procedure again.
This is a time consuming careful process. BE PATIENT.
In the state you are currently in, just check to see that your card and hard drive are correct (either A or B) and start over, as stated above.
Good luck -
Mark