NTSB on NW A330:
The crew observed, and FDR confirms, large airspeedfluctuations, small altitude fluctuations, and an overspeed alert.
Here's what the FO wrote in an email the day after:
... Entering the cloud tops we experienced just light to moderate turbulence. (The winds were around 30kts at altitude.) After about 15 sec. we encountered moderate rain. We thought it odd to have rain streaming up the windshield at this altitude and the sound of the plane getting pelted like an aluminum garage door. It got very warm and humid in the cockpit all of a sudden. Five seconds later the Captains, First Officers, and standby airspeed indicators rolled back to 60kts. The auto pilot and auto throttles disengaged. The Master Warning and Master Caution flashed, and the sounds of chirps and clicks letting us know these things were happening.
Jerry, the Capt. hand flew the plane on the shortest vector out of the rain. The airspeed indicators briefly came back but failed again. The failure lasted for THREE minutes. We flew the recommended 83%N1 power setting. When the airspeed indicators came back. we were within 5 knots of our desired speed. Everything returned to normal except for the computer logic controlling the plane. (We were in alternate law for the rest of the flight.)...
GB