Web Dev> PHP created random password

<?php
// The letter l (lowercase L) and the number 1
// have been removed, as they can be mistaken
// for each other.
function RandomPass() {
// Comment the first line to exclude special characters
$chars = "!@#$%^&*";
$chars .= "abcdefghijkmnopqrstuvwxyz023456789ABCDEFGHIJKLMNOPQRSTUVWXYZ";
srand((double)microtime()*1000000);
$i = 1;
$pass = '' ;
// Number of digits we'd like to have our password be
$n = 8;
while ($i < $n) {
$num = rand() % strlen($chars);
$tmp = substr($chars, $num, 1);
$pass = $pass . $tmp;
$i++;
}
return $pass;
}
// Usage
$password = RandomPass();
echo "Random password is: $password";
?>