The time evolution of the surface morphology of a long single-crystal (initially cylindrical) wire which forms the central electrode of a coaxial capacitor is discussed for mass transport by (isotropic) surface diffusion but allowing for anisotropic surface energy γ. Radial changes in the shape of the wire are shown to be retarded by the electric stress when the γ anisotropy is small. As Nichols and Mullins have shown, the wire is unstable to longitudinal perturbations; their treatment is generalized to incorporate both γ anisotropy and electric stress. The dominant wavelength in the evolving unstable axial profile is related to a γ anisotropy factor involving an out-of-plane second derivative of γ averaged over directions in the radial plane. The electric stress enhances or inhibits the instability depending upon the magnitude of this anisotropy factor. Some tentative remarks, based upon a conjectured extrapolation of the perturbation treatment developed here, are addressed to the problem of the ovulation of a semi-infinite cylinder.