Tried the screen and some install disks and all the disks get spat out. Screen I got for free doesn't seem to link up to the laptop but the speakers work well. Guess this will just be a cool conversation piece in my place. $10 well spent.
I've got a PB 140 as well and having the same exact problem you are having. Powers up fine to a gray screen, I can move the mouse but nothing displays on the screen. Tried zapping PRAM and resetting power manager. I copied the OS 7 disk tools to a floppy (using these directions:
http://lowendmac.com/2008/creating-classic-mac-boot-floppies-in-os-x/ ) and it displays the floppy disk icon on the screen then ejects the floppy every time.
Side note, the resetting power manager instructions always state to remove the battery, however I can't remove the battery. I can get the battery door to slide open a little but can't get the battery out. I don't want to break the door off, so I haven't tried too much more to remove it.
Seems like I'm running out of options. Like you said, still a cool conversation piece ... and a nice addition to my collection!