A common mistake is to fail to select the component before you rename it. If your code is adding the component, make sure you get the returned object and then call one of its Select methods.
Thanks for the reply, Michael
The name changing is "ok", IF I wanted to rename it using Name2.
But what I want to know is another command or method to change the name as if I was right clicking and changing only how the component is called in that particular assembly.