Inspiron E 1505 screen problem

Hello,

I have an E 1505 that is almost 2 years old (unfortunately only 1 yr warranty).  It has worked fine up until last night.  For reason, after I squeezed the part of the computer above the screen (that surrounds it) it made about 3/5 of my screen black out and now has funny colors.  So I am forced to use 2/5 of my working screen now unless I pinch the place i hit originally which allows me to see the entire screen as long as i hold it down.

Has anyone else had a similar problem?  If so is there anything that can be done?

Will I have to my a new laptop?/how much would you estimate it would cost to repair?

thanks in advance