kaled - 10:28 am on Apr 29, 2004 (gmt 0)

There seem to be a few threads on this subject. I'd be more inclined to class this as a bug rather than a penalty.

However, to test this theory, might I suggest that you rename your links.html page (assuming you have one). If it's a bug related to page history, this should clear it. And assuming that such a page gets all its PR from internal links, it should recover its PR after one or two iterations (about one month each).

Of course, you should also check for on-page factors. For instance, has a wag added a NOFOLLOW robots meta tag? Are the links pure html? ... etc.

Kaled.

PS
Of course, this assumes that you haven't been selling links. If you have, you may have incurred a manual penalty.