public override void InitializeNewComponent(IDictionary defaultValues)
{
base.InitializeNewComponent(defaultValues);
// By default, the VS control designer will set a control's Text property to the
// name of the control. This the accepted method of clearing the Text property
// when the control is dropped on the form.
PropertyDescriptor descriptor = TypeDescriptor.GetProperties(base.Component)["Text"];
if (descriptor != null && descriptor.PropertyType == typeof(String) && !descriptor.IsReadOnly && descriptor.IsBrowsable)
descriptor.SetValue(base.Component, String.Empty);
}