Error 49.38.07 causing printer not to finish initialization / boot on HP CM4540 MFP Series Color LaserJet Enterprise Printer

To fix the firmware error causing error 49.38.07 on the startup of the device HP CM4540

This is a firmware error.

1. Turn printer on and watch when the display shows memory count, press and hold the down arrow until all three lights on the control panel are lit.
2 Press the up arrow
3 Press the home button, the message Skip disk load will display.
4 press the up arrow till NVRAM INIT is highlited.
5 Press the OK button

This will help by avoiding a check on the faulty firmware provided with the HP Printer by default

Download the most recent firmware onto a USB thumb drive and installed it from the USB port on the console

Instructions found here

Firmware found here

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