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Mike - Yep. Screaming Frog also shows a 200 Status Code. So I have to assume the page exists -- altho not sure why I'm directed to a 404 page...

So basically, I think you and George answered my original question: "link_count" represents links on a page pointing to other internal and external pages.

I would appreciate any thoughts on why I'm ending up on a 404 page tho...

No Mike. This is a client's site. An example of these URLs is: http://www.teamflexo.com/home/contact_us.asp, which shows a link count of 43.

Good thought tho, I'll take a look at this on Screaming Frog.

If these are on-page links, then I have another question...

I had originally assumed that if the page showed up in Crawl Diagnostics, it must actually exist (as opposed to being a URL in a backlink somewhere) but there are several URLs showing "link_count" of 40+ that, when you go to the URL, it goes directly to a 404 page. (However, the "http_status_code" in the diagnostics report is showing 200.)

Any theories that could help me understand this ?

Tx, Glenn

On the Crawl Diagnostics report, does "link_count" represent external (links to this URL), internal, both, or what ?