I dropped my panasonic tough book C-484HHUEM when working on it
Yes it is VERY likely the harddrive that is damaged given the symptoms that you are reporting, most especially if the drive was in use when the drop occurred or if it was onto a hard surface. I recommend just purchasing a new 2.5" 320gb sata drive off of ebay (asking to make sure it is compatible with your system) as they only cost $65, and self disassembling. Instructions for disassembly can be found here:
http://www.laohu.co.uk/r4/hdd/cf-r4-hdd.html
otherwise you can take the computer into a shop and pay them to fix it.
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