Posts: 29
Threads: 10
Joined: Dec 2007
Sounds like a plausible cause. Although the HP to my knowledge use tantalum in contrast to cheaper Japanese calculators that mostly use electrolyte capacitors.
But can also be cause by bad solder joints, a damaged transistor in the power supply, loose connection somewhere - most likely the power switch if we presume the calculator is not damaged by leaking batteries. Yes the battery compartment can look great clean (someone cleaned it at some point in history thinking then all is great) while in reality the calculator can be quite "rotten" - especially if you bought it used and therefore don't know if there has been a leaking pack in there. I've seen that a couple of times.
Really only one way to know for sure. The power switch can be rules out fairly quickly. "Massage" it see if behavior changes. If not it's most likely not the fault. However if is then great news because that's an easy place to fix. Otherwise the only way to know is open it up and look/measure to find the fault. Of course it can also be a bad ROM in that case you're out of luck and the only way to repair is buying a trashed one for donor. Here you can choose one damaged by leaking as the ROMs are far from the battery compartment. Either solder out the ROMs or just swap the main boards.