rfgdxm1 - 7:37 pm on Oct 26, 2003 (gmt 0)

No, outgoing links leak PR that you could redirect to your own site. However, unless your strategy is to buy all links, likely it will be hard to get links if you refuse to link to others. And, remember the all important inbound link anchor text. Because of that, exchanging links almost always is good for your site.