This post is from the Eve Online forums, all the way back in 2003.
Quote"Battleships are so phenomenally expensive to buy, fly, and equip properly that even very rich corps can't afford to lose more than a couple, and I think they would be used very sparingly indeed in the event of war. Small corps who own one, two, or three of the beasts would be even more reluctant to actually use them in a serious shooting war with a similarly equipped enemy. They're prolly good for bullying those who don't possess them, but not for fighting someone who can fight back on equal terms. Unless you're willing to accept the potential loss of a 100000000+ isk asset..."