Getting colorful specks on my laptop screen

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I'm not too good with computers so I'll try my best to explain...sorry if it's too long with useless information...
I have a T41 IBM Thinkpad, around 4/5 years old and I haven't had too many problems with it before. I took with me to India last year and had no problems, and I brought it here again this year. I couldn't use it for around 5 days because I didn't have a converter, and it was working fine for around half an hour. The power fluctuated for a second or two but nothing happened then, but I disconnected it right away for 10 minutes after just in case. I left it for 20 minutes and it went into standby, and when I came back and moved the mouse, the screen was black for a bit with colorful specks and it went away little by little. The mouse was a white box with specks and the screen had horizontal stripes with the specks. It went back to normal eventually, but the background became like this until I changed it
It was then normal, except for certain pages and the ehome window
so I continued working, but then when I set it down the screen turned black and then normal and black again. I left it to see what would happen, but when I picked it up and put it on my lap the screen showed up again. It kept doing this for a while and then the colorful specks came back and when I tried to use the spacebar to look up what was wrong, the file menu kept dropping down on anything I did. I turned it off immediately after and am really worried. I have a lot of work on there and can't afford to lose it now, sorry it's so long, but thanks for reading.
This was what I posted originally:
From what I looked around at it seems to be the video card, but I couldn't find anyone with the same problem.
Sorry the links couldn't be posted yet-I will post them in a bit, but I asked a question on yahoo answers titled " I got a black screen with colorful specks when my laptop came out of standby? " with the pictures. answers.yahoo.com/question/index;_ylt=Au2U0muK0PKdJnTD7XPfryIe5XNG;_ylv=3?qid=20100704061123AAj2caf
 
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