If I was you, I would add the "nofollow" attribute:

<!-- Site Meter -->
<script type="text/javascript" src="http://s40.sitemeter.com/js/counter.js?site=s12AccountName">
</script>
<noscript>
<p><a href="http://s40.sitemeter.com/stats.asp?site=s12AccountName" rel="nofollow" target="_top">Site Meter Stats</a></p>
</noscript>
<!-- Copyright (c)2006 Site Meter -->

As you see my example, would also be better to get rid of the image if you would not mind. That sucks, as others already mentioned above.

But I also agree with the others here, that Google Analytics is the best way to go.

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