Page is a not externally linkable
caveman - 8:01 pm on Sep 30, 2004 (gmt 0)
The effect has been to drop quite a few of our homepages below some competitors who use more spammy tactics than we use, i.e., more kw repetition in anchor text, more linking between owned sites, more sitewide linking, etc. It seems to be yet another tweak perhaps returning more importance to internal links or links between related sites. Another possibility might be less importance for some on page factors.
FWIW, we've seen some minor new losses today - but not on homepages - only on many subpages.