Odd Dash / Gauge Behavior

So I suspect I know what the problem with my bike might be, but I just want to be sure, and see if anyone else has seen this problem.

Problem:
While riding the other night I noticed my gauges and electronics on the dash shutting off randomly / intermittently. Its never done this to me before, so it was a bit disconcerting to say the least. The speedo and tach would drop down to zero, then zip back up again. The odo and time would go blank, and then light up again within a few moments. However, I noticed the time didn't reset back to 1:00am like it does when you remove / replace the battery.

Info:
Last week I replaced the battery because it was having trouble starting, even after being left on a battery tender. The new battery contacts are just enough different however that the bolts holding down the connectors are a tad loose. I plan to get some washers and shim the up so its snug, but correct me if I'm wrong I doubt that loose connectors would be causing electrical issues once the bike is started and running. I'm suspecting the alternator is going bad, which is probably beyond me when it comes to replacing.

Any advice or suggestions are appreciated greatly.
Thanks
 
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