Your scenerio actually happened to me, well sort of.
My wife and I were diving in Socorro. I was diving a brand new Aeris Atmos 2. We are diving Nitrox 32, at 80 feet, 12 minutes into the dive and I am happily filming Silvertip sharks at a cleaning station when I here a computer alarm going off. I look at my computer and it is just flashing. No bottom time and no depth reading, no nothing just flashing. I motion Trish and look at her computer, Also an Atmos 2 and it is just fine. I also know that now I am not diving for 24 hours after we get back to the boat, so we turn the dive and use her computer for ascent and safety stop. Back on the boat the flashing continues for exactly 24 hours and then quits, but the computer will not re-boot, I even tried a hard re-boot by removing the battery for 30 minutes but to no avail. Fortunately, I carry 3 ancient Skinny dippers in my dive box, so I used those for the rest of the week. After the trip I brought it in for maintenance and found out the pressure transducer was bad. Aeris replaced the computer.
Lesson learned, we now each dive 2 computers, the Atmos 2 console with regular pressure guage and the Oceanic Datamax Pro Plus 2 air integrated. I love the "brick". I'm 58 and the large display is great. One thing I know about Murphys Law, **** happens at the most un-expected times so be prepared.
Jim