Once again, thanks for the responses.
I did not know about the post diagnostic card; interesting stuff.
I am obivously dealing with a problem for my computer I put together a few years ago (not a new build, I wish). I suspect my mobo (abit NF-7S V2) to be bad but I am trying to eliminate every other components one by one. A friend gave me another socket A mobo with a cpu on it so it helps to go thought the testing process except that he mobo takes an AGP 4X video card (may be compatible with 8X but I am not sure) and ddr 333 ram and I only have 1 DDR 400 stick. The PSU (power supply) is good for sure (tried it on another computer and also tried a different PSU on the faulty computer) so I am down to mobo, memory and video card.
Whatever mobo I used, none of them gives me a beep wether the video card (and monitor) and/or the memory stick are connected. Of course, the speaker could also be bad but it would be odd that the speaker died at the same time than the mobo (assuming that the mobo is the culprit).
I'll try to be a little more specific if needed but I have had limited spare time these past few days. This is why I went straight the point with my questions and your answers have been great.
Thanks to all and if you have a suggestion, let me know.