Hi Daniel,
Thanks for using Syncfusion products.
We have analyzed the reported query (Watermarktext does not work in Dropdownlist control in ej.web.all.js file) in our end. We request you to regenerate the script file in the Custom script generator link in the following location.
http://csg.syncfusion.com/
Kindly use the regenerated script file in your sample. Also you can upgrade to the latest version by downloading the Volume 4, 2014 Service pack and it is available for download under the following link.
http://www.syncfusion.com/forums/118366/essential-studio-2014-volume-4-service-pack-2-release-v12-4-0-34-available-for-download
For your convenience we have prepared the sample based on your requirement, please download the sample from the following link location.
http://www.syncfusion.com/uploads/user/forum/118622/DDLWMT-679852145.zip
Please let us know if you have further concern.
Regards,
Saranya.S