Using jquery, it's dead easy:
<script type="text/javascript">
$(function(){
var item = $("#yourDivId a[name=foundItem]")
)};
</script>
Update:
As per the comments, if you have control over what to id/name/class your anchor tag/s, it would be best to apply a class to them:
<div id="firstDiv">
<a href="someurl.htm" class="foundItem">test</a>
</div>
<div id="secondDiv">
<a href="someOtherUrl.htm" class="foundItem">test another one</a>
</div>
<!-- and so forth -->
<script type="text/javascript">
$(function(){
var item = $("#firstDiv a.foundItem");
alert(item.html()); // Will result in "test"
var item2 = $("#secondDiv a.foundItem");
alert(item2.html()); // Will show "test another one"
)};
</script>
If you're doing anything with javascript, jQuery saves you tons of time and is worth investing the effort to learn well. Start with http://api.jquery.com/browser/ to get an intro to what's possible.