To Change the name Permanently is Easy You Just have to Create a Registry key, Make a Shortcut Of it and Place it in Startup Folder.Follow The Below Easy Steps.
Step 1: Open Notepad and Paste the Below Code.Windows Registry Editor Version 5.00
[HKEY_LOCAL_MACHINE\HARDWARE\DESCRIPTION\System\CentralProcessor\0]
"ProcessorNameString"="Your Processor Name 50000MHz"
Note : Change "Your Processor Name" To Whatever name You Want it To Give. Also Understand That \0 Should Be Present If Windows Stores your Processor name at that location. I recommend you better open Register edit by typing "Regedit" in Run Command and Navigate To above keys To Confirm It is Present.