ASP:Label runat="server" and innerText

[Bob]

When I use an ASP:Label with runat="server", and in JavaScript I use
innerText on the ASP:Label, the Text property is not reflected in an event
postback on the form. ASP:TextBox is not an alternative for me because it
doesn't produce text which can be inline and wrappable with surrounding
text. Is there anyway to accomplish what I am trying to do?

Thanks