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The less links on a page the less dilluted their value becomes.
In other words, 10 links (with the proper wording) leading inbound to other areas of your site are better than having, let's say, those same 10 inbound on the same page - along with 2 outbound to other web sites.
The integrity of multiple links continues to dissolve with the more links you add to that page (outbound or not):
1 link = 100% integrity
2 links = 50% integrity each
20 links = 5% integrity each
This is one of the reasons why some sites have a "Links" page instead of listing a series of sister-sites at the bottom of each page (well, besides the tradition of having a links page).
This is also why I was advised about a year ago to remove, from the front page, links to the search engines we were listed in. Once I removed those five links, there were only four others on the page... all with proper keywording... and we went up a couple of notches.
This completely leads me to believe in this hypothesis.