It needs repair. 4 years is outstanding for most camcorders.
http://groups.google.com/groups?hl=en&lr=&ie=UTF-8&threadm=38f65ca1%40195.34.192.13&rnum=1&prev=/groups%3Fhl%3Den%26lr%3D%26ie%3DUTF-8%26q%3DF02%2BPanasonic%2B%26btnG%3DSearch writes similar:
"I received a reply from Panasonic UK, who informed me that "Unfortunately,
fault codes FO1 and FO2 are mechanism faults and will have
to be looked at by an engineer"
Bad news (
I have a Panasonic Camcoder ( Model DS 25) bought in the year 2000. Suddenly over the last two weeks - when I load the DV Tape and start recording I get an F02 error - which make the Camcoder unusable.
Can anyone suggest if I can fix this myself

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