Digital Equipment chief executive, Mr Robert Palmer, has sold stock for about a $3.5 million (£2.4 million) profit, his first sale since getting the job in 1992 and just weeks after the stock reached a 17-month high. Mr Palmer sold 120,000 Digital shares acquired by exercising options, plus another 3,000 shares that he already owned, according to company spokesman, Mr Dan Kaferle. The shares represented about 10 per cent of the stock he was eligible to buy through options.