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One long beep and two or three short beeps indicates a problem with the video card. If you have put the card in another machine and it doesn't work, and you have tried different monitors, I would assume that it is toast.
From what you describe, the monitor is probably failing too.
Unless you have a reason to believe that both are connected (such as experiencing a power spike or some other damage), the fact that both are failing is probably just a coincidence.
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