ciao,
href="#", se poi ti dà fastidio la manina cursor:default;
oppure anche js.

ecco entrambe le soluzioni:

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN">
<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<title></title>
<style type="text/css">
#pippo{color:red ;
}
a{color:red;
}
a:hover{cursor:default;
color:green;
}
</style>
</head>
<body>
<div id="pippo" onMouseOver="this.style.color='green';"onMouseOut= "this.style.color='red';">lollo</div>
pappa
</body>
</html>