Do sites get penalized by SE for dynamically generated code?

Hi,

the website is written in .NET using server controls, therefore in HTML
body there is code like this:

<form name="Form1" method="post" action="Default.aspx" id="Form1">
<input type="hidden" name="__EVENTTARGET" value="" />
<input type="hidden" name="__EVENTARGUMENT" value="" />
<input type="hidden" name="__VIEWSTATE"
value="dDwtNTY3NjAzNjcwO3Q8O2w8aTwxPjs+O2w8dDw7bDx pPDE+Oz47bDx0P
.....
js+Pjs+Pjs+Pjs+B+tJNqDn1c2CZMiBRYR3yJKldxQ=" />


The value of __VIEWSTATE input field is very long, I have shortened it
for obvious reasons.

My question is: how SE and Google in particular react on this code
withing the page? Do sites get penalized for such code?

Any thoughts?

Thanks
Polly