eMachines (EEEE) was up 87.5% in preopen Island trading after the company said it had retained Credit Suisse First Boston to explore strategic alternatives to maximize share value, including possible sale of the company.

eMachines is completing a major restructuring, and on Monday named five new senior management appointments.

In April, the company posted a wider-than-expected first-quarter loss and said it expects flat sales in the second quarter. But the company said it expects losses in the second half to be narrower than a year ago.