What was found
DURING CLIMBOUT WITH NAV PITCH MODE, AN ALTITUDE WAS SELECTED AND VERIFIED IN THE ALTITUDE DISPLAY BY THE PNF (PILOT NOT FLYING). WITHIN 1 MINUTE THE ALTITUDE DISPLAY CHANGED ON ITS OWN TO 50,000 AND THE ALERT HORN SOUNDED. THIS HAPPENED 3 TIMES ON THE CLIMBOUT. ACFT GROUNDED. REF AMM FIM TASK 34-61-801 FMC BITE NO FAULTS FOUND. ALSO PERFORMED FIM TASK 34-21-801 ADIRS BITE, NO FAULTS FOUND. ACFT OK FOR SERVICE.