Digg CEO Jay Adelson told BusinessWeek that the company is not planning a 2008 IPO, holding acquisition talks, or looking for more money. Which is obviously bullshit. That is, unless Digg hire Allen & Company, an investment bank which specializes in media deals, to bolster its ultimate frisbee team.

Emerging briefly from the heaping pile, Adelson did admit that an acquisition would be easier for a company Digg’s size than going public. But mostly Adelson was just being cagey. Just like he was a couple of months ago when I saw him in New York. “Why all the Digg coverage? Isn’t Digg old news?” he asked me. Why all the complaints, Jay? Getting bored of running Digg?

Source:Valleywag

Architectural Digest profiled the Hawaiian home of a Silicon Valley mogul in its November issue. A reader fingers Rick Fluegel, a former general partner with Matrix Partners.

The evidence is a little shaky. In its article, our reader targets a Silicon Valley figure because AD calls Hawaii the “the Hamptons of the Silicon Valley (instead of potato fields, there’s lava).” From there, it was a matter of a Google search for the architect’s firm, “Hill Glazier Architects.” That turned up a building permit for a $3.7 million home listing both Fluegel and Hill Glazier, a Palo Alto firm.

So there you have it. Another key detail: the lady of the household is Puerto-Rican born, according to the home’s interior designer. Anyone know if Fluegel’s wife fits that description? Not that it matters. Whoever owns the house joins the likes of Salesforce.com CEO Marc Benioff, retired Hewlett-Packard CFO Bob Wayman, and former HP chairwoman Patricia Dunn. If Hawaii is the Hamptons of Silicon Valley, the point isn’t who owns this house. It’s that you don’t.

Those Brits really have a way with words. The witty writers at British IT rag The Register summed it up so well: “CompUSA goes tits up.” The computer retailer, which closed a number of stores earlier this year (including one half a mile from my house, natch), has sold itself to Gordon Brothers, a “restructuring specialist” which plans to close CompUSA’s remaining 103 locations. The stores will run through Christmas and offer “attractive bargains” to shoppers. CompUSA.com will be closed once current purchases are shipped. This, folks, is why they call Best Buy a “category killer.” (Photo by cubicleman)

Source:Valleywag

There are a few scattered meetups this evening, including one for our New York readers, and one for all the ladies in the area. All in today’s Valleywag Calendar.

• A group of techie girls are hosting a holiday party at Mercury on Lombard St. Apparently, it’s girls only, so it shouldn’t be too crowded. Starts at 7 p.m. [Evite]
• Songbird hosts a discussion about portable playlists and moving your media around the Web, or something. I don’t really get it. Sounds vaguely Facebook Beacon-ish to me, though. I thought we were all appalled by that? Whatever. Goes from 5-8 p.m. tonight. [Upcoming]
• An event for the East Coast contingent among us. We hear that CNET’s New York holiday drinkup is tonight around 9:30 at the PM Lounge. Based on past reports, we’re expecting to hear stories of a wild night.

Got a to do that’s a must to do? Send it in to Calendar@Valleywag.com. As for the Google Calendar, yes, we’re updating it, but I’m a wee bit flummoxed when it comes to that damn thing, so, no I don’t know why no one else is seeing the updates.

Source:Valleywag

newVideoPlayer(”Telstar_Logistics_Rocket.flv”, 475, 376);
Venture capitalist Steve Jurvetson has a thing for rockets. He once built and launched a miniature replica of the Nazi’s V2 rocket, the weapon Hitler used to devastate London during World War II. Well, the early investor in Hotmail, is back at it. Now director of space operations at local blogger Todd Lappin’s faux company, Telstar Logistics, Jurvetson and a team traveled to Farmington, California to launch the Telstar Logistics Expediter over the weekend. They strapped a video camera to it, so enjoy the ride. All 5,186 feet of it. So close, and yet so far.

I’ve always heard Oracle CEO Larry Ellison had big cojones. No photographic proof, alas, has arrived at Valleywag yet. But this gigantic disco ball — so large it had to be transported by flatbed truck — for an event at Oracle’s OpenWorld conference, which starts tomorrow, seems proof enough. To make room for Oracle’s other outsized ambitions, San Francisco has closed off Howard Street through next Saturday. (Photo by Royce Perez)